SBA PPP Forgiveness

PPP Loan Forgiveness UPDATE!

 

We are here for small businesses!

It's time to prepare your application and documentation for submission for your Paycheck Protection Program (PPP) loan forgiveness.

You are eligible to submit the application as soon as you have depleted all of the funds.

  • Submit the Loan Forgiveness Form along with all supporting documentation
  • Contact your lender or give us a call at (800) 792-1000.

We hope this loan helped you through this uncertain time. Thank you for banking with us. We truly appreciate the relationship.


How do I apply for forgiveness?

  • If your loan is under $50,000, please fill out the Form 3508S
  • If your loan is over $50,000,  please check your eligibility to use Form 3508EZ, if not, use Form 3508

Contact your lender at ANB, or call our main number at (806) 792-1000. We will then generate a link for you to begin your forgiveness application with supporting documentation. **


Good News!

In light of changes to the Paycheck Protection Program (PPP) implemented by the PPP Flexibility Act of 2020, we are extending the due date of the first payment on your PPP loan.

Accordingly, your first payment is not due until four months after the date shown on your promissory note. Monthly payments will continue from that point forward for any unforgiven amount.

The four-month extension should allow time for that to occur.


If you have further questions, see the SBA's website for FAQ’s and more details

*For more information regarding the bill currently in congress, please visit www.congress.gov.

**Pending SBA Approval, some additional documents may be required. (It is the Government, after all)

 

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