PPP LOANS | PAYMENT PROTECTION PROGRAM

Forgiveness for PPP loans received in 2021 will begin July 6th. Click here to login >> https://corebank.lenderscooperative.com

PPP 2020 FORGIVENESS UPDATE

The deadline for PPP round 1 forgiveness is quickly approaching! If the loan isn’t forgiven, it will convert into a 2-year note at a 1% interest rate and you will be responsible for making payments. Each loan has up to 10 months after the end of its Covered Period to receive forgiveness. Deadlines for many loans begins in mid-July 2021, so we suggest submitting your application as soon as possible! All necessary forms may be found below.

Please note that loans under $150,000 may use the simplified 3508S form. No additional documentation is required for those completing this form, but we highly recommend you keep them on file for your records.

Once complete, email the forgiveness application and any required documentation to CARES@corebank.com.

For more information regarding the Paycheck Protection Program, please visit: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

PPP FORGIVENESS DOCUMENTS

PPP Loan Forgiveness FAQs
PPP Loan Forgiveness Application Form 3508EZ Instructions
PPP Forgiveness Application 3508EZ
PPP Loan Forgiveness Application (SBA Form 3508) Instructions
PPP Loan Forgiveness Application (SBA Form 3508)
PPP Loan Forgiveness 3508S Instructions
PPP Loan Forgiveness 3508S Application

Questions?