updated May 28
Paycheck Protection Program (PPP) and Loan Forgiveness
During this challenging time, our bankers seamlessly assisted small businesses throughout the communities we serve with traditional banking services and processed thousands of applications for businesses to secure funds through the Small Business Administration’s (SBAs) Paycheck Protection Program (PPP).
We are developing a process to make it easy for you to provide us with the information required by the SBA for PPP Loan Forgiveness. Once the process is in place, we will contact each customer who received PPP loan funds about how and when to submit a Loan Forgiveness request.
- Be prepared. Organize a record of all payroll and other eligible costs incurred following the date of your PPP loan disbursement. You will need to provide this documentation to certify the loan funds were used for SBA-eligible purposes as part of your Loan Forgiveness request.
- Please do not fill out and submit the SBAs Forgiveness Application. We will not be able to accept it.
- When it’s time for you to initiate your Loan Forgiveness request, we will contact you to provide more details and direction about our process.
As we continue to work through the time-sensitive Loan Forgiveness process for our customers, our lenders may have limited accessibility. You may find the Small Business Administration (sba.gov) and Treasury (treasury.gov) websites helpful for direct access to the most up-to-date details about PPP Loan Forgiveness. If you have other business needs, please contact your lender or banker directly.
We understand loan forgiveness is a critical to the success and livelihood of your business and will contact businesses who received PPP funds in the coming weeks.