Loan Forgiveness

In order to apply for PPP loan forgiveness, you must apply with the bank or financial organization that assisted with your PPP loan. You are encouraged to apply for forgiveness no later than 10 months after the end of your covered period, so that your forgiveness amount can be determined prior to the start of payments (which will begin approximately 16 months after your loan was funded).

· If you received your PPP loan in 2020, you should complete your PPP Loan Forgiveness application as soon as possible.

· If you received your PPP loan in 2021, you may begin completing the applicable PPP Loan Forgiveness application at your convenience.

All PPP Loan Forgiveness applications may be submitted to ppploans@peoplesbankofseneca.com.

To prepare for loan forgiveness, please view the link below to help you through the application process. The information displayed on this page is based on guidance released by the SBA and is subject to change.

 

PPP Loan Forgiveness Applications and Instructions https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness