PPP Resources

On June 5, 2020 President Trump signed the Paycheck Protection Program Flexibility Act (the “PPPFA”) that amends the CARES Act and modifies the forgiveness provisions of the Paycheck Protection Program (the “PPP”). In light of PPPFA the SBA has released the PPP Loan Forgiveness Application (“Form 3508”) and a simplified PPP Loan Forgiveness Application (“Form 3508EZ), which is expected to simplify the forgiveness applications for those who meet certain criteria. For additional information please refer to the referenced Revisions to Loan Forgiveness Final Interim Rule and SBA Loan Review Procedures Interim Final Rule, that is linked above, or refer to the SBA website (also linked).

While we are not ready to accept applications for forgiveness at this time we recommend you review the applications to ascertain which form is applicable to your circumstance and begin to make yourself familiar with the supporting documentation that will be required to process your application. Once we are ready to accept applications we will update our website accordingly so please check back regularly.

Alliance Bank & Trust Company was honored to be able to assist our clients in securing sustaining PPP loan funds and we will be here to help you throughout the forgiveness process. Thank you for banking with us.

 


 

Throughout the summer of 2020, we will be posting a number of helpful resources to assist you with your Paycheck Protection Program (PPP) Loan. The documents will assist you in securing loan forgiveness and performing other actions you may need to take with regard to your PPP loan. As we receive helpful documentation we will make it available to you on this page.