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Charter Bank

SBA-PPP

On 10/8/2020 the SBA issued a new PPP Forgiveness Application, for PPP Loans under $50,000.
If your PPP Loan was less than $50,000, click here to view your instructions.
Click here to download and complete the Application 3508S for forgiveness.
 
If your PPP loan was for more than $50,000, you may be eligible to use the EZ Forgiveness Application.
It is applicable to borrowers that:
  • are self-employed and have no employees;   OR
  • did not reduce the salaries or wages of their employees by more than 25%,
    and did not reduce the number or hours of their employees;   OR
  • experienced reductions in business activity as a result of health directives related to COVID-19,
    and did not reduce the salaries or wages of their employees by more than 25%.
Click here  to view the EZ forgiveness Instructions
Click here to download and complete the  EZ  Forgiveness Application
 
If neither of the above applications apply to you, you will need the full Forgiveness Application.
Click here to view the updated forgiveness Instructions
Click here to download and complete the updated Forgiveness Application
 
Please Note:  All PPP Loans can now use a 24 week “covered period” to spend their loan proceeds on qualifying expenses.   
Contact your servicing Loan Officer for more information.