Paycheck Protection Program (PPP) Forgiveness Application

The Small Business Administration (SBA) issues the Paycheck Protection Program Application for Loan Forgiveness.

The long-awaited PPP Application for Loan Forgiveness has been issued by the SBA. This application is eligible for submission 8 weeks after a borrower has received PPP loan proceeds.
 

HOW CAN WE HELP?

We will be accepting applications and documentation HERE. (At the earliest, the week beginning June 8, 2020)
 

Required for submission of a PPP Forgiveness Application:

  1. Application (including Schedule A)
  2. Documentation Checklist (Pending)
 
Instructions on submitting Forgiveness Applications via our portal:
  1. Click on the tab "Ask Us"
  2. Scroll down to "Secure File Delivery"
  3. Click on "Secure Upload"
  4. Click on "PPP Forgiveness 2020"
  5. Fill in your information and attach your documents

* In order to ensure proper loan forgiveness, please submit only COMPLETE packages following the SBA's required guidelines.

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Additional Funds Appropriated For The Small Business Administration's Paycheck Protection Program Borrower Application

Congress has passed legislation to resupply the PPP under the CARES Act. If you have not applied for this loan program in the past, now is the chance to try and gain funding for your business if the program will benefit you, and your business qualifies. The program will be ending June 30, 2020 or when funds are depleted. 

Citizens Bank Minnesota is ready to support the needs of the communities it serves and its customers with additional Paycheck Protection Act loans. 

 

HOW CAN WE HELP?

Paycheck Protection Program Loans

Citizens Bank Minnesota will be processing and approving your Paycheck Protection Program applications. To be efficient, we will be accepting applications and documentation HERE.

 

Required for submission of a PPP loan:

1. Application

2. PPP Calculator (unless you are a sole proprietor or farmer submitting a schedule C or schedule F.)

3. Other Documentation (List) 

 

Instructions on submitting applications via our portal: 

  1. Click on the tab “Ask Us”
  2. Scroll down to “Secure File Delivery”
  3. Click on “Secure Upload”
  4. Click on the “Care Act 2020 – SBA Loans”
  5. Fill in your information and attach your documents.

A COMPLETE loan package will ensure that we can process your application in the most efficient manner!

 
**Please Note: Citizens Bank Minnesota is participating in this program to help clients impacted by the economic impact from COVID-19. We do anticipate high volume and there may be processing delays and system failures along with other issues that interfere with submission of the application to the SBA. Lender does not represent or guarantee that it will submit the application before SBA funding is no longer available or at all.  Lender is not responsible or liable to applicant if the application is not submitted to the SBA until after the SBA stops approving applications, for any reason, or if the application is not processed.  This applies to the pace, manner or systems for processing or prioritizing applications, or representations regarding the application process, the program or availability of funding.
 

Let us know if you have any questions - we are here for you!
Citizens Bank Minnesota Lending Team

Questions? Please give us a call at 800-549-0194.