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Union Bank SBA Paycheck Protection Program

Union Bank SBA Paycheck Protection Program

Paycheck Protection Program 
As a Small Business Administration (SBA) lender we are working with current and new business customers to help equip them with the tools needed to stay in business during these unforeseen times. The SBA Paycheck Protection Program is available to small businesses that have been affected by COVID-19 and have less than 500 employees or meets the SBA industry size standard. This special program offers the opportunity for the loan to be fully forgiven if the funds are used for specific expenses that are tied to keeping your business operating, including; payroll costs, interest on mortgages, rent and utilities. This program became available as of 4/3/2020 and will run through 8/8/2020 or when the approved funds run out.  Visit the SBA website(Opens in a new Window) to learn more or contact us today to start the application process. 
 
Loan Forgiveness for Payment Protection Program Borrowers

Thank you for placing your trust in Union Bank to secure a loan under the Small Business Administration (SBA) Paycheck Protection Program (PPP).  We feel privileged to serve you and your business through this challenging time. 

As you continue to use your PPP loan proceeds to operate your business, it is important that you are tracking all expenditures as this information will be required in the loan forgiveness process.   

The SBA recently issued two applications for loan forgiveness (SBA Form 3508 and SBA Form 3508EZ).  These forms can be found below along with instructions for the application process.  

Currently, the SBA has not devised the final process for financial institutions to submit loan forgiveness applications.  Once that has been established, your Union Bank Loan Officer will contact you.  

Again, thank you for your business and the opportunity to serve you.

For more information on the SBA PPP, questions, or to submit your Loan Forgiveness Application, please contact your Union Bank Loan Officer at (616) 374-3278.  

 

Instructions for PPP Loan Forgiveness Application

PPP Loan Forgiveness Application

Instructions for PPP Loan Forgiveness Application 3508EZ

PPP Loan Forgiveness Application 3508EZ

  

 

 


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