PPP Alert:
BankNewport became recognizing PPP Financing Forgiveness Applications having PPP Round 1 Finance (Fund acquired and you can paid inside 2020) & PPP Round dos Funds (Money gotten and you will paid once ).
You will find worked faithfully with the help of our partners to cultivate a streamlined online PPP Loan Forgiveness Application processes, which is available to you within our PPP Loan Forgiveness Application Webpage. Getting borrowers which show that there is no ability to keeps entry to a pc please get in touch with among the adopting the Department Offices getting guidelines.
Established BankNewport PPP users can expect to get regular email address communication out-of you, and as always you can travel to this page to own very important position and extra suggestions.
Simple tips to Get Forgiveness:
Please be aware: To own 3508S Forgiveness Programs (for usage to possess loans out of $150,one hundred thousand much less) supporting documentation isn’t needed become attached – merely forget it tab and then click due to they.
You can make an application for forgiveness after you’ve made use of every PPP fund getting accredited expenditures otherwise adopting the prevent of your shielded several months. If you do not submit an application for forgiveness in this ten days after the very last day’s your safeguarded months, after that your PPP loan payments are no stretched deferred, while have to begin making loan money in order to BankNewport. *****Please note: To possess the next Mark PPP Loan more than $150,100, you ought to fill out financing Forgiveness application for your Earliest Draw PPP Loan prior to or in addition to your mortgage forgiveness software to have the second Mark Financing, even when the calculated amount of forgiveness on your Earliest Draw PPP Mortgage was zero.*****