Paycheck Protection Program Loan Information
After more than a year of operation and providing support to small businesses throughout our local communities and the nation; the appropriated funding for the Paycheck Protection Program (PPP) has been exhausted. As of May 5, 2020, the Small Business Administration (SBA) will continue to fund outstanding approved PPP loan applications; however, any new applications will no longer be accepted.
For those borrowers that obtained PPP loan funds in 2021, TwinStar will begin emailing access to and accepting PPP Loan Forgiveness applications through our online PPP Forgiveness platform six months following your PPP loan origination date. In order to insure accuracy and completeness of the SBA’s review process, PPP Forgiveness applications will only be accepted through our online platform.
For more information regarding additional pandemic relief funding programs offered by the SBA or further details of the SBA’s PPP Loan Forgiveness application, please visit www.SBA.gov.
If you have any questions regarding your PPP loan and/or the forgiveness process, please contact our Business Services team at BusinessServices@twinstarcu.com for further assistance.
Thank you for choosing TwinStar Credit Union to help support you, your business and your employees with all your banking needs during these difficult times. We’re here to continue to help support our members and communities that have been effected by the negative impacts from the COVID-19 pandemic.