First Financial Northwest Bank

PPP Loan Forgiveness

Paycheck Protection Program
Loan Forgiveness Application Update

(Information as of 7/8/2020)*

At this time, we are not accepting PPP Forgiveness Applications

The SBA PPP Loan Forgiveness program continues to be in flux with changes occurring often. SBA continues to provide additional guidance in an effort to simplify the forgiveness process. Because of this, we are postponing taking PPP Forgiveness Applications until final guidance is issued. Please use this site as a resource. Additional questions can be sent to . Thank you for your patience during this time.


Overview

  • Paycheck Protection Program Flexibility Act of 2020 (6/5/2020)

  • Loan Forgiveness Timeline


Application

  • Information Needed

  • Covered Periods

  • Amounts Eligible for Forgiveness*


Worksheet to Schedule A

From Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules 6/17/2020

  • Employees

  • Cash Compensation

  • Salary/Hourly Wage Reduction

  • Reductions to Forgiveness Amount Based on Wage Reduction

  • Average FTE

  • Special Considerations for Wage Reduction

  • Safe Harbor

  • Reduction in Forgiveness Amount

  • Forms


Read our latest e-mail regarding PPP here