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SBA Announces PPP Forgiveness Options

Aug 6, 2021 | First Farmers Bank & Trust
SBA Loan

The SBA has launched a new way to apply for Forgiveness on loans equal to or less than $150,000. We are proud to offer this solution as a service to help you reach full forgiveness. The application can be completed in less than 10 minutes. Visit directforgiveness.sba.gov and follow instructions provided by the SBA.

 

Failure to complete this application will soon result in the requirement to begin making payments on this loan obligation.

 

Moving forward, this is the main avenue FFBT will be using to complete the 3508S forgiveness applications.  Our intention is to utilize alternative methods ONLY for those loans greater than $150,000 moving forward.  Please visit  directforgiveness.sba.gov to start your 3508S PPP Forgiveness Application and call 877-552-2692 (SBA’s dedicated Direct Forgiveness hotline) for assistance.

 

We thank you for the faith that you have placed in our organization and we hope to continue to serve you and your business.  We are proud to serve you.  Please utilize the below contacts for assistance as needed: