Support for business customers
sba paycheck protection program 2.05/5/2021
SBA IS NO LONGER ACCEPTING PPP 2.0 APPLICATIONS
The Small Business Administration is no longer accepting new applications for Paycheck Protection Program loans. PPP funds have been exhausted as of May 4, 2021. Should additional PPP funds be made available, we will resume processing applications, but at this time we are exclusively processing forgiveness applications for those who obtained their original PPP loan through Fidelity Bank.
Please see below for important information regarding SBA PPP forgiveness applications.
SIMPLIFIED PPP LOAN FORGIVENESS PROCESS
Recent legislation includes provisions that further simplify the PPP loan forgiveness application process for loans of $150,000 or less, whereby a borrower signs and submits a simplified certification to the lender, along with supporting documentation. The legislation also expands the list of allowable and forgivable expenses, which apply to existing PPP loans for which a borrower has not yet received forgiveness. Additionally, the legislation provides for a more flexible covered period.
For the most recent rules regarding the SBA’s PPP loan forgiveness process, including your covered period, the type of costs that are eligible for forgiveness and what documentation you will need to submit as part of your application, please visit the SBA website.
This information is provided for your convenience. Please be sure to understand and comply with the guidance issued by the SBA.
At Fidelity Bank, applying for forgiveness will be administered online only. All information and correspondence related to PPP will occur online and through email, including the forgiveness application process, submission of required documents and follow-up correspondence.
NOTE: The borrower EIN/SSN, email address and owner SSN is required to access the forgiveness application.
If you have questions please email firstname.lastname@example.org.
We stand ready to serve.
During this challenging time, please consider contacting your commercial banker. We will do our best to provide you with accurate information to aid in your decision making.