Business Banking Assistance

Your business needs answers. We’re here to help.

Our Commercial Team is ready to assist you, our business clients, to ensure you are provided the support you need during these challenging times. The one thing we know is working together is our best way forward.

If you are looking for information on Small Business Administration (SBA) relief programs for businesses negatively impacted by the pandemic, please visit this page.

PPP Loan Forgiveness Information

The Paycheck Protection Program (PPP), is administered by the Small Business Administration (SBA). Please note, the SBA stopped taking new PPP loan applications earlier this summer. PPP borrowers received forgivable loans for small businesses negatively impacted by the COVID-19 pandemic. These loans are eligible for forgiveness when the funds are used for qualifying expenditures like payroll, rent and utilities.

Time is running out for many borrowers to start the loan forgiveness process. If you received your PPP loan funds in 2020, please start the forgiveness process as soon as possible. We don’t want you to miss your deadline! You have 10 months after the 8-week or 24-week Covered Periods to apply.

To begin the application process, please read the following information carefully. Instructions for applying are near the bottom of this page.

If, after reviewing the information below, you still have questions about loan forgiveness, please contact your financial advisor, accountant, business coach or attorney.

PPP Loans may be forgiven when you use your funds for eligible purposes.

  • At least 60% of the loan proceeds must be used for payroll costs (up to certain thresholds per employee) calculated on a gross basis without regard to federal taxes imposed or withheld, such as the employee’s and employer’s share of FICA and income taxes required to be withheld from employees, health care coverage expenses, retirement contributions and state and local taxes imposed on employee payroll paid by you, the employer.
  • Up to 40% can be used for rent, mortgage interest expense, utility payments and other non-payroll eligible expenses. Please see the SBA page for a full list of non-payroll eligible expenses.

The amount of loan forgiveness may be up to the full principal amount of the loan plus accrued interest.

The maximum amount of loan forgiveness is based on your eligible payments over the 8-week or 24-week Covered Period following the date of the Note. Borrowers whose loans closed before June 5, 2020 can choose whether they prefer to use the 8-week or 24-week Covered Period.

The maturity of PPP loans has been increased to five years for those loans that were approved by the SBA on or after June 5, 2020. Borrowers who closed on their loans before June 5 have the ability to request that the loan maturity date be extended from two years to five years.


Are you ready to apply?

What form will I use and what do I need to document?

Depending on the complexity and size of your loan, you will apply using the 3508, 3508EZ or 3508S application form. The newly-revised and simplified 3508S is specifically designated for loans of $150,000 or less. Our automated digital application program will provide you with the applicable form as you go through the process. The amount and type of documentation you need will be determined by which form you use.

If you have a loan of more than $150,000 and are ready to apply for forgiveness using the 3508 or 3508EZ form, we recommend that you review our Borrower Assistance Checklist and Instructions.

To begin the application process, please send an email to with your business name, email address and phone number. You’ll receive a personalized, secure email containing a link to the automated, online forgiveness application within two business days. Please note, when accessing the link, we recommend using Google Chrome for the best technical experience. 

Please note that once a loan forgiveness application package is received, the bank has up to 60 days to determine the amount of forgiveness and submit the decision to the SBA. Once received from the bank, the SBA has up to 90 days to reimburse the bank with the approved funds to apply to your PPP loan.

Please visit the SBA Loan Forgiveness Page for more information.

Other Relief Programs

The U.S. Small Business Administration (SBA) is offering a variety of relief programs for small businesses impacted by the COVID-19 crisis.