Paycheck Protection Program
Forgiveness Portal Open

August 14, 2020

The Small Business Administration (SBA) has officially opened the forgiveness portal, allowing PPP borrowers to begin submitting Loan Forgiveness Applications for review.

Last month, we announced the release of the 3508EZ Application that simplifies this process for qualified PPP borrowers. Click Here to review the EZ Application requirements.

Once your application is submitted to your CNB&T Lender, you will receive a response within 60 days regarding the status of your loan forgiveness.

PENDING LEGISLATION:
While we are accepting forgiveness applications at this time, please note that pending legislation may benefit all PPP borrowers with loans less than $150,000. Affected borrowers may want to refrain from completing the application process until this legislation has been finalized.