The purpose of this page is to provide guidance for our customers through this next phase of PPP Loan Forgiveness.
As of May 18, 2020, the Small Business Administration (SBA) provided the PPP Loan Forgiveness Worksheet. Anytime the SBA makes changes to the Worksheet, it will be updated on the Marquette website.
Per the SBA, the form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
In an effort to be proactive, Marquette has developed the “PPP Loan Forgiveness Toolkit” to provide guidance for our customers through this next phase. On this page you will find three important tools that will help ensure your company receives the best benefit from the PPP program.
- A PPP Loan Forgiveness Information Sheet.
- A Checklist of things you should be doing and/or collecting now.
- A worksheet to help calculate your loan forgiveness amount.
- The most recent Q&A provided to us by the US Treasury.
Be sure to visit this site for periodic updates to the Q&A document, and helpful updates.
In closing, we realize you may have many more questions…we do too but rest assured we will find the right answer for your business. We thank you in advance for working with us as we all try to navigate through this next phase of the PPP program.
Stay safe! Stay healthy!
Your Marquette Savings Bank Business Banking Team