CARES Act (Paycheck Protection Program) Assistance for Small Businesses
Funds are still available from the second round of funding under the Paycheck Protection Program (PPP).
North American Banking Company is continuing to work with existing customers to process PPP loans. Existing customers of the bank who wish to pursue a PPP loan are asked to contact email@example.com before August 8, 2020.
Update on Forgiveness
We are currently accepting forgiveness applications for PPP loans. Please make sure to check your EZ Form eligibility.
We are beginning the process of bank review. Please note that North American Banking Company has 60 days to complete our review and the SBA has an additional 90 days.
We are committed to processing your Forgiveness application as quickly and seamlessly as possible. Each borrower under the PPP program will receive an email invitation from our bank to begin the process for applying for Loan Forgiveness via our online portal. Customers will begin receiving SBA for 3508 via email for electronic signatures as we review the applications. The SBA portal is expected to be available on August 14.
Forgiveness applications need to be submitted prior to 10 months from the end of the covered period to avoid payments.
If you haven’t received your application link, please reach out to firstname.lastname@example.org.