Paycheck Protection Program Forgiveness

Guide to PPP Loan Forgiveness

Welcome to the State Street Bank webpage dedicated to helping you with your Paycheck Protection Program application for forgiveness. We were thrilled to help you receive your PPP loan and now we’re here to help with the forgiveness. The forgiveness process has not been finalized, as the SBA continues to issue new rules and guidance. Below you will find our most recent update on the current status of the program along with links to the forgiveness application, program rules, and other resources. Our goal is to update this page with the newest information as we receive it. Please feel free to reach out to your PPP lender at any time using their contact information below. Thank you for your business!

On July 4th, new legislation was signed that extends the deadline for small businesses to apply for the Paycheck Protection Program. Customers now have until August 8th, 2020 to apply for their PPP loan.  This change comes after other recent changes to the program. The PPP Flexibility Act made some key rule changes to the PPP program including an extended 24 week loan forgiveness period. The SBA also released a new EZ application which requires fewer calculations and less documentation for eligible borrowers. Read more about those changes below under PPP Press Releases and Updates.

PPP Press Releases and Updates

SBA and Treasury Announce New and Revised Guidance Regarding the Paycheck Protection Program (PPP Flexibility Act)

SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

SBA and Treasury Announce Frequently Asked Questions on PPP Forgiveness

PPP Forgiveness Forms

Loan Forgiveness Application Form EZ Instructions                     Loan Forgiveness Application Form EZ

Loan Forgiveness Application Instructions                                    Loan Forgiveness Application

Completed applications may be submitted to your PPP lender.