COVID-19: Small Business Loan Resources – PPP Forgiveness

We are committed to helping you navigate the Paycheck Protection Loan Forgiveness process.

We have carefully reviewed and pulled together the latest information from the most credible sources to share with you here. See below under ‘Borrower Resources’ for links that my be useful during the PPP Forgiveness process. Visit our page often to stay up-to-date on recent developments.

Paycheck Protection Program (PPP)

PLEASE NOTE: The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP).  This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions.   Please contact your Settlers bank lender if you have questions or see below for more information about the PPP Forgiveness process.

Borrower Resources

Paycheck Protection Program (PPP) – Loan Forgiveness

PPP Loan Forgiveness Application for Loans of $50,000 or Less (Form 3508S dated 11.30.20) from the U.S. Small Business Administration (SBA)

Original PPP Loan Forgiveness Application and Instructions (Form 3508 dated 11.30.20) from the U.S. Small Business Administration (SBA)

PPP EZ Loan Forgiveness Application (Form 3508EZ dated 11.30.20) from the U.S. Department of the Treasury

PPP Forgiveness FAQs (updated 8/11) from the U.S. Small Business Administration (SBA)

PPP FAQs (updated 10/7) from the U.S. Department of the Treasury

Interim Final Rule (10/2) from the U.S. Small Business Administration (SBA)

Interim Final Rule (8/25) from the U.S. Small Business Administration (SBA)

Interim Final Rule (6/16) from the Department of the Treasury

 

 

 

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