Paycheck Protection Program
Updated: July 1, 2020 at 12 p.m.
We continue to monitor Paycheck Protection Program (PPP) loan forgiveness guidance daily.
We are still awaiting details on how to process loan forgiveness applications. Because of this, we ask that you hold your PPP loan forgiveness applications for now. When final loan forgiveness process guidance becomes available, we will post all pertinent information to this page.
PPP Loan Forgiveness
The Small Business Association (SBA) has released PPP loan forgiveness applications and instructions.
You must independently complete the application. Our role is to receive your application and provide a good faith review of your calculations for forgiveness in light of the supporting documentation accompanying your application. Once that review is complete, Bankers Trust will submit your application for PPP loan forgiveness to the SBA in accordance with current program guidance.
While we currently recommend holding on your loan forgiveness application, you can view the applications and instructions at the links below. You can use Form 3508EZ if you are eligible. Otherwise, use Form 3508.
- Loan Forgiveness Application Form EZ Instructions
- Loan Forgiveness Application Form EZ
- Loan Forgiveness Application Instructions (Revised 6/16/2020)
- Loan Forgiveness Application (Revised 6/16/2020)
If you have questions about loan forgiveness, please reach out to your banker. If you don’t know who your banker is, please email us.