Important Information for Business Owners
As part of the CARES Act, the SBA introduced the Paycheck Protection Program (PPP) to aid our country’s businesses. RBT is proud to help our customers through this process, and has provided loans to hundreds of businesses in our communities, helping them keep their doors open and workers employed. One of the key benefits of the program is potential forgiveness of your PPP Loan. While it is a very attractive benefit, navigating it can be quite challenging.
June 19, 2020
All information provided is based on current available guidance as of the date above. New guidance may be released at any time that could make this information obsolete. RBT will update the information as guidance is released, to ensure that you have the most current information available. Below are resources to help you navigate the forgiveness process and calculate your forgiveness amount.
You can also find more detailed information about the program on the SBA's website.
Disclaimer: The full principal amount of your loan plus interest is subject to forgiveness if certain conditions are met. It is your obligation, as the borrower, to understand the SBA’s rules. Other eligibility requirements may apply. If you have additional questions, please seek assistance from your own legal, accounting and tax advisors. Rollstone Bank & Trust cannot offer an opinion on whether the loan of any particular borrower qualifies for forgiveness. By signing Form 3508, you certify, as the Borrower, that the information you have entered is accurate and valid.