SBA - Paycheck Protection Program

  

 

SBA Direct Forgiveness

The SBA has launched a new way to apply for Forgiveness and we are proud to offer this solution as a service to help our borrowers reach full forgiveness.

PPP borrowers can use the Direct Forgiveness process if the following qualifications are met:

  • It was a First Draw Loan and/or Second Draw Loan
  • Regardless of whether the loan was increased
  • Regardless of when the loan was made (2020 and 2021)

Quick Notes:

Our PPP Team has pre-staged SBA PPP Forgiveness applications for qualifying loans. Borrowers can complete the application in less than 5 minutes by clicking here and following instructions provided by the SBA.

Failure to complete the application will soon result in the requirement to begin making payments on the loan obligation.

Once the application is started, the Crest Savings PPP Team will be unable to help with the process of loan forgiveness. All questions should be directed to the SBA Live Help Line at 844-552-2692.

Free Webinar “Paycheck Protection Program (PPP) Direct Forgiveness Training” 

The SBA is offering a Free Webinar “Paycheck Protection Program (PPP) Direct Forgiveness Training” For PPP Loans $150,000 or Less. In this Webinar, SBA experts demonstrate how to submit your Forgiveness Application through the Loan Forgiveness Portal for eligible Borrowers. Copy the links below to view the Microsoft Teams webinar on the designated date and time.

August 26th at 2:30 PM EDT (Copy link below)

https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%update2F19%3Ameeting_ZWFkM2I3YjctNjUyMS00ZDg3LThhNGQtM2Y0MDc1Nzk5OGVj%40thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%25223c89fd8a-7f68-4667-aa15-41ebf2208961%2522%252c%2522Oid%2522%253a%2522a16161a7-5323-4458-94f7-4acc0f011276%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup-join&deeplinkId=c8bf75fb-36ca-46f5-9624-c1f3702c3e96&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true

September 2nd at 2:30 PM EDT (Copy link below)

https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_ODAwYzI2ODAtOWVhNC00N2FlLThjYzgtYTQ1YzBiY2M1ZDg0%40thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%25223c89fd8a-7f68-4667-aa15-41ebf2208961%2522%252c%2522Oid%2522%253a%2522a16161a7-5323-4458-94f7-4acc0f011276%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da%26anon%3Dtrue&type=meetup-join&deeplinkId=ca4a39ba-d50b-44d1-bfd1-87926b724d06&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true

Quick Links

 

 

Loan amounts OVER $150,000, will be processed by our PPP Team. 

  • 3508EZ (7.30.21)-508 Application and Instructions
  • 3508 (7.30.21)-508 Application and Instructions 
  • Please submit the application and supporting documentation to ppp@crestsavings.com using the secure portal. If you need access to the secure portal, email ppp@crestsavings.com and we will respond with how to access.

 

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