Morris Bank – It Pays to Bank Blue | Morris Bank
PPP Loan Forgiveness ApplicationAnd Calculator5/21/2020The loan forgiveness application (Form 3508) for the Paycheck Protection Program was recently released and is available for borrowers and lenders to view. The application below contains detailed instructions on what specific information is needed and how to calculate it. Please be sure to review the application completely. calculation spreadsheet is also provided to help you obtain the specific information required for the loan forgiveness. This can be found on the home page of our website under "PPP Forgiveness Calculation." We have also created an additional page dedicated to the Paycheck Protection Program that includes resources and additional links.The U.S. Treasury and the Small Business Administration have promised both borrowers and lenders continued guidance on questions related to loan forgiveness. There are still many inquiries that are left to be answered at this time, however, Morris Bank will continue to send out updated guidance as it is received.For additional questions and guidance to maximize loan forgiveness, please continue to consult with your financial advisor.As always, thank you for Banking Blue! ................
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