Paycheck Protection Program Loan Forgiveness Resource Center
The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. We are proud to have been able to serve thousands of small businesses across and beyond our footprint during these times of uncertainty. The Small Business Administration (SBA) has stated that loan amounts can be forgiven as long as certain criteria have been met. We are currently awaiting further instruction from the SBA and the U.S. Treasury so that we can communicate it to you. We do know that you will need to submit a request for forgiveness from the SBA through us. As soon as it’s available, we will email you with directions on how to do get started. Please utilize this resource page from trusted sources about frequently asked questions for the PPP loan forgiveness. Now more than ever, we remain #RightHereWithYou and your small business.
PPP Forgiveness FAQ Guide
All guidance to date can be found at https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses. It is highly recommended that you review the information provided by the Treasury and Small Business Administration prior to submitting for loan forgiveness.
The information below is not a comprehensive list. Please read all guidance yourself so that you may make an informed decision. Colony Bank cannot opine, interpret, or provide guidance to borrowers at the program requires that all recipients of PPP loans to be knowledgable of the program themselves and are required to confirm with eligibility and forgiveness criteria.
PPP Forgiveness Resources
We’ve compiled the following free resources available for you to gather more information from government websites, Certified Public Accountants, and business development centers. Please exercise caution when interpreting information on external websites.