Applying for PPP Loan Forgiveness
08/18/2020
CCB Customers can now apply for loan forgiveness by following the guide below, and completing the 3508EZ Forgiveness form. This information has also been emailed to the individuals on file.
If you haven't started your forgiveness application yet, we're here to answer any questions you have, and are here to walk you through the process every step of the way.
If you have already submitted your information or the application for forgiveness, we are currently processing your application and will let you know if we need anything else from you.
I'm ready to apply for forgiveness, now what?
If you have used all your PPP funds and are ready to apply for forgiveness, we will do our best to process your application as quickly as we can. We are here to help, and know you want the peace of mind knowing that your forgiveness application has been taken care of.
You will want to collect your records showing how you used the funds for the forgiveness application. This may be a report from Quickbooks or journal in a notebook.
- Be sure to include a copy of your payroll reports from your accountant or accounting software.
- Include bank statements or canceled checks for utility and lease expenses.
- Include principal/interest breakdowns for any business debt you paid with the funds (Keep in mind, these liabilities had to be originated prior to February 15th, 2020).
Once you have all the required information, fill out PPP Loan Forgiveness Application 3508EZ. If you have any questions once you get started, we are happy to work with you to complete the application, and can gudie you through the process.
Economic Injury Disaster Loan (EIDL) Funds
Questions still remain about the impact of EIDL loan advances and forgiveness. It is important for you to disclose to us if you received any EIDL funds, as they will have an impact on forgiveness.
We're here for you
We understand this process may be overwhelming, but we are here to help you carry the bucket, that's what friends do!
