The SBA has revised the the available Forgiveness Applications: the 3508S, 3508EZ, 3508 Standard forms. Each form and instructions are available for download below. PPP Loan Forgiveness Applications and Instructions Specific to the 3508S, this is a document that has been revised and is specific for loans <$150,000. We are encouraging our borrowers whom fall… Read more »
The PPP Borrower Application Form below will need to be completed for all second-time borrowers. This new application was released January 8th. All applicants should begin compiling the required information for submission. We are awaiting a “go-live” date for when our institution will have access to begin submitting applications to the SBA. Please monitor our… Read more »
The PPP Borrower Application Form below will need to be completed for all new first-time borrowers. All applicants should begin compiling the required information for submission. We are awaiting a “go-live” date for when our institution will have access to begin submitting applications to the SBA. Please monitor our website for further developments. Once we have… Read more »
The Treasury and U.S. Small Business Administration are currently working to solidify guidance specific to the next round of funding. Paycheck Protection Program Round 2 As we begin to prepare for PPP Round 2.0, we wish to provide you with an overview of the program highlights and criteria for what to expect. Rest assured in… Read more »
Congress’s passage of the CARES Act (Coronavirus Aid, Relief and Economic Security Act) stimulus package on Friday, March 27 is a hopeful sign that our nation will take the necessary steps to mitigate the suffering of the Coronavirus pandemic and set the course for lasting recovery. The $2 trillion emergency stimulus package provides crucial relief… Read more »
Through the U.S. Small Business Administration’s Economic Injury Disaster Loan Program, Small Business Owners are eligible to apply for a low-interest loan due to Coronavirus (COVID-19). This loan is intended to allocate for a sufficient amount of funds to cover 6-months of operating expenses for the small business. Loan Application Process The Small Business Administration has… Read more »
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