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Paycheck Protection Program - Loan Forgiveness

Peoples Security Bank & Trust has taken proactive measures to approve customer applications for the Paycheck Protection Program (PPP), a program enacted by the Federal Government in response to the economic crisis triggered by COVID-19. Below please find helpful resources to help you understand how to apply for PPP Loan Forgiveness.

 

Applying for PPP Loan Forgiveness - Round One

The Small Business Administration has provided guidance to Peoples Security Bank & Trust Company on how to process the PPP Borrower forgiveness applications (Forms 3508 and 3508EZ). The PSBT online portal is now available to assist in loan forgiveness application submission, and you should have received an email directly from us with the details and a link to apply. Please contact us if you did not receive this email

We encourage all PSBT PPP Borrowers to use the online portal for submission of their forgiveness application, as it is the easiest and most efficient way for processing your forgiveness application. For guidance on online portal usage, please refer to the online portal guide and webinar below.

Download Checklist View Guidance Webinar

If you have any questions regarding your PPP Loan with Peoples Security Bank, please call us 833-PSBT-PPP (833-772-8777) or send a secure email to PPPSupportGroup@psbt.com using our Secure Email Message Center.

Please remember that Peoples Security Bank & Trust is an administrator of the loan and cannot provide legal advice regarding forgiveness. Should you have questions regarding qualifying for forgiveness of some or all of your PPP loan, or generally about the CARES Act, or SBA interim final rules or guidance, you should seek qualified legal counsel.

For more detailed information, please click here to access the SBA’s website directly.

 

Questions?

Please know that the bank is working diligently to get answers to the questions you may have regarding commencing the forgiveness application process on your PPP loan. In the meantime, please continue to collect and maintain all records relating to your PPP loan in preparation of submitting your forgiveness application and beyond. For more detailed information, please click here to access the SBA’s website directly.