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August 7th, 2020

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.

About SaviBank

SaviBank (formerly known as Business Bank) is a commercial bank chartered in the State of Washington with a community bank focus. The Bank began operations April 11, 2005. SaviBank proudly serves Skagit, Whatcom, and Island Counties with branches in Anacortes, Burlington, Bellingham, Concrete, Freeland, Mount Vernon, Oak Harbor, and Sedro-Woolley. The Bank provides loan and deposit services to customers who are predominantly small and middlemarket businesses and individuals in and around Skagit, Island, and Whatcom counties. As a locally-owned community bank, we believe that when everyone becomes Savi about their finances, our entire community benefits. Call us or stop by one of our branches and we’ll show you how to bank Savi. For additional information about SaviBank visit https://www.savibank.com.

Contact
Mike Cann, Chairman of the Board & CEO
Andy Hunter, President
(888) 707-2060