PPP Loans received in 2021 are subject to begin payments as early as April 2022

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 immediately, but 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).

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