SBA has begun accepting Paycheck Protection Program (PPP) Forgiveness Applications for borrowers that qualify but recommend that members continue to wait. We expect further guidance in the form of FAQ’s from SBA and Treasury as SBA starts processing applications and questions arise. With time the process and interpretation of the rules governing forgiveness will be better defined and the process will get easier for you to complete the application and gather the required supporting documentation.
There is no immediate need to apply for PPP loan forgiveness. You have until the maturity date of the loan to apply and SBA will pay the principal and interest due on the amount that is forgiven. To review the guidance and application forms available at this time we have provided a link below to the Treasury website below and recommend reviewing the information available.
When we begin processing requests, we will reach out to you directly for items needed to complete your application with specific instructions. Please do not submit information until we request it directly from you.
Thank you for your patience as we wait for further guidance for this important stage of the SBA PPP Loan Program. We are monitoring PPP program releases closely and will send additional updates as they become available via email. If you have any questions please
email us for the fastest reply.
WESTconsin Credit Union is here to assist you as best we can. As we receive more information from the SBA and other government agencies, updates will be made to this page. In the meantime, here are helpful links about these agencies and programs:
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