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Paycheck Protection Program
Guide to PPP Loan Applications & Forgiveness
Welcome to the State Street Bank webpage dedicated to helping you with your Paycheck Protection Program loan. The Treasury and SBA have announced a new round of PPP lending. If you did not applied for the first PPP loan you are eligible to apply now. If you received funds from the first round of PPP you may be eligible to apply for a second PPP loan. A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
• Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
• Has no more than 300 employees; and
• Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
Below you will find information on completing and submitting a PPP loan application and PPP loan forgiveness application. 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!
PPP Forgiveness Applications
For all loans under $150,000
3508S Forgiveness Application
For loans over $150,000 - See instructions for further qualifications.
3508 EZ Forgiveness Application
For loans that do not qualify for the 3508S or 3508 EZ application.
3508 Forgiveness Application
Completed forgiveness applications may be submitted to your PPP lender.
PPP Press Releases and Updates
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less (updated October 8th)