PPP Loan Forgiveness Applications
SaviBank will begin taking applications for PPP forgiveness on or about Wednesday, August 12, beginning with PPP loans exceeding $150,000. PPP borrowers can expect a SaviBank representative to contact them within the next few weeks to begin the PPP forgiveness process. Forgiveness applications will be handled much the same way as original applications were: online. A representative from SaviBank will send a link via email, which applicants can use to access a secure website on which to submit their forgiveness applications and through which they can submit the necessary supporting documentation. SaviBank will then consider the application and issue its decision to the customer and to the SBA within sixty (60) days.
For further guidance visit the SBA PPP Loan Q&A page.