PPP Loan Forgiveness Resources
We hope that the PPP forgiveness resources provided to date, including the webinars, presentations, FAQ library, video and guide have been helpful to our clients in navigating what has been a complex and evolving process. Links to these PPP resources, including the Loan Forgiveness Calculation Model, are located on the right side of this page.
CBC is now accepting applications for PPP loan forgiveness. If your forgiveness application is ready, including completion of the Loan Forgiveness Calculation Model as well as availability of all required supporting documentation, please contact your Relationship Manager or Banking Services Officer for further instruction on next steps.
- Please do not forward confidential information or forgiveness application documents by email.
- Applications will be accepted only through a specific secure upload link that will be provided to you by your Relationship Manager or Banking Services Officer.
Please note: While CBC will begin internal processing of forgiveness applications on behalf our clients, the SBA has not yet provided final directives to financial institutions regarding the method of further submission to, and approval by, the SBA of borrower forgiveness requests. Details will be communicated as information becomes available.
Important Update 〉 On October 8, the Small Business Administration (SBA) announced an updated loan forgiveness process for Paycheck Protection Program loans of $50,000 or less, form 3508S.
For your convenience, below are links to downloadable copies of our webinar presentation slides.
We will provide an updated FAQ Library weekly. Questions deemed specific to individual businesses will receive a direct response each week. Due to the significant volume of questions and answers to date in the FAQ Library, an updated searchable format was created and is linked below.
FAQ Searchable Library (updated as of 7/14/20) – click here.
FAQ CBC Forgiveness Calculation Model Quick Reference Guide – click here.
Here, you will find links to download the Loan Forgiveness Calculation Model, a How-To Video that walks you through the model, and a detailed User Guide that carefully explains each part of the model. PLEASE WATCH THE VIDEO AND READ THE USER GUIDE before beginning to enter data into your model. Doing so will save you considerable time and effort and help to avoid any unnecessary rework.
CBC Forgiveness Documentation Checklist – click here.
Calculation Model User Guide – click here.
How-To instructional video – click here.
Loan Forgiveness Calculation Models -click links below to download:
The Guide and Video in the tab above cover a wide array of topics and provide answers to most common questions. However, if after viewing the video and reading the guide you are in need of additional clarification, you can forward inquiries to CBCModel@armaninollp.com.
Note: This email is for inquiries only. Please do not send confidential information to this address. If referencing your specific loan number, please submit with only the last five digits.
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