PPP Forgiveness Resource Center

PPP Forgiveness Resource Center

Thank you for choosing Investors Bank for the Small Business Administration (SBA) Paycheck Protection Program (PPP). We are pleased to continue to support you and your business during these unprecedented times. The following information may help you better understand the PPP Loan Forgiveness process.

​WEBINAR - Overview of PPP Loan Forgiveness

This webinar, recorded June 25, 2020, reviews loan forgiveness requirements, provides a listing of important documentation needed to apply for forgiveness, and has examples of PPP calculations. You can also download a copy of the presentation slide deck.

PPP Forgiveness Documentation Request List

The following supporting documentation should be collected in preparation for your loan forgiveness calculation.


Frequently Asked Questions

You should have received your PPP Loan Forgiveness Consultant’s contact information in emails sent on June 10, 2020 and June 16, 2020. If you did not receive, please contact the NICE Team at our Client Care Center at 855.422.6548 for assistance.
A portal will be provided for you to easily submit your information and documentation. Your PPP Loan Forgiveness Consultant will contact you to inform you when this is available.
On Wednesday June 17, the SBA released an updated PPP Forgiveness application (Form 3508) to reflect recent program changes related to the PPP Flexibility Act, along with a new 3508EZ Form with instructions.
Here’s a link to documents you should be gathering. In addition, we have also included a list of documents that should be retained for 6 years, if later requested from the SBA.
For an extensive list of questions and answers related to PPP forgiveness, please view our PPP Forgiveness FAQ document.

Useful Links 

We have created a list of helpful links that we believe will assist you as you seek to receive forgiveness of your PPP loan.

Investors Bank Commercial Banking PPP EIDL Information Document

Like PPP loans, EIDL loans are loans sponsored by the SBA to support small businesses facing economic injury due to COVID-19. Learn more.



 

Disclaimer - The information is (a) based on the most recent SBA guidance and is subject to change and (b) is general guidance and may not apply to your individual facts and circumstances. We encourage you to contact your financial planner, accountant and/or attorney for specific guidance as to requirements and documentation.