Paycheck Protection Program (PPP) Second Draw Loans

We are no longer accepting new Paycheck Protection Program applications. Funding for the program has been exhausted and the program is now closed.

Current PPP Loan Forgiveness

Invitations to request first draw PPP loan forgiveness have been emailed to all PPP borrowers. This includes all PPP loans funded in 2020. Please allow up to 60 days for application processing and submission to SBA. We will ensure that your application is submitted within the allowed timeframe and prior to the maturity date of your PPP loan.

Next Steps:

  • Once a member of our team has reviewed your forgiveness application, you will receive the completed application via docusign for your e-signature.
  • Upon receipt of the signed application, we will submit to SBA for their review and processing.
  • If additional information is required, we will contact you directly.
  • You will receive a confirmation email with SBA’s decision once completed.

We expect to start inviting 2021 PPP borrowers to apply for forgiveness in late summer.

As a reminder, here is a checklist of items and information that you should be prepared to provide:

  • The email address used on your Borrower PPP Application
  • Your SBA PPP Loan Number - this can be found within your executed loan documents
  • Your Business TIN (EIN or SSN)
  • Documentation to support the use of loan proceeds for eligible payroll and non-payroll costs

Below is a link that provides some additional information on the forgiveness:

Loan Forgiveness Information

 

The information contained on this page is based on laws, rules, regulations, and related guidance with respect to the Paycheck Protection Program, including guidance issued by the U.S. Small Business Administration (SBA). We will periodically update this information, so please check back often. Bookmark this page for easy reference in the future. In the event of any discrepancies between the information on this site and the SBA’s website, please follow the official SBA guidance. PPP Rules and Regulations shall control any PPP Loan.

 

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