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Paycheck Protection Program (PPP) Forgiveness Information

Exchange Bank & Trust is proud to have provided Paycheck Protection Program (“PPP”) loans to our local communities during the recent pandemic. At this time, funds for the program have been exhausted and applications for loans are no longer being accepted. Borrowers can apply for forgiveness at the end of the covered period. Instructions and forgiveness applications can be accessed through the below links. Please review the applications and instructions to determine which form is appropriate for you.

Below are the links for the PPP Loan Applications and Forgiveness Applications. Contact your loan officer with questions.

Form 3508S (PPP Loans of $150,000 or less):

https://www.sba.gov/document/sba-form-3508s-ppp-loan-forgiveness-form-3508s

Form 3508 EZ:

https://www.sba.gov/document/sba-form--paycheck-protection-program-ez-loan-forgiveness-application-6-16-2020

Form 3508:

https://www.sba.gov/document/sba-form--paycheck-protection-program-loan-forgiveness-application-revised-6-16-2020

 

Forgiveness FAQs: https://www.sba.gov/document/support-frequently-asked-questions-ppp-loan-forgiveness


Apply for forgiveness online through the SBA PPP Direct Forgiveness Portal:

\https://directforgiveness.sba.gov/requests/borrower/login/?next=/

 

 

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