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PPP Loan Forgiveness

PPP Loan Forgiveness

Thank you for choosing Heritage Bank to help with your Paycheck Protection Program Loan. 

As we have moved into the Forgiveness phase of the PPP program, Heritage Bank uses an online application process to complete your PPP Loan forgiveness request and submission to SBA.  Unfortunately, we are unable to accept paper or email applications.  Based on the amount of your loan you may be able to submit your applications now, please see below for your availability.

As a reminder, you will be able to request forgiveness up until your loan maturity date. However, to avoid having to start loan payments, you will want to apply for forgiveness within 10 months of the end of your covered period. That change was made to all PPP Loans with the Flexibility Act passed in June 2020.

FOR ALL BORROWERS $150,000 AND UNDER

The SBA has released the 3508S form for loans $150,000 and under, this is the simplified form for your PPP Loan. You will receive an email from Heritage Bank with information on how to start your PPP Forgiveness request and a link to your application when it is time for you to request forgiveness. If you do not receive an email or cannot find it, please contact James Miller at (320) 214-3940 or jmiller@heritagebankna.com.

BORROWERS $150,000 and over

You will receive an email from Heritage Bank with information on how to start your PPP Forgiveness request and a link to your application when it is time for you to request forgiveness.  If you do not receive an email or cannot find it, please contact James Miller at (320) 214-3940 or jmiller@heritagebankna.com.

Thanks again for choosing Heritage Bank as your trusted advisor for your Paycheck Protection Program loan.  We appreciate your business and look forward to ensuring an efficient forgiveness process.

For additional resources visit the SBA website.

The PPP was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic.

 

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