Form 3508EZ is for PPP loans of more than $150,000 and if the Borrower can answer "Yes" to one of two questions in the Instructions.
Form 3508 is for PPP loans which do not qualify to use Form 3508EZ or 3508S for submission for Forgiveness.
Form 3508S is for PPP loans of $150,000 or less.
A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.
Two Ways to apply for Forgiveness:
Our purpose is to become "the Bank of choice" in the communities we serve.
We will accomplish this by offering to our customers the financial services they expect while providing a return to our owners. In accomplishing this mission, we will remain an independent community bank.
With seven convenient locations, 24 hour ATM's, on-line banking and a friendly, well trained staff, you won't go wrong making The Fort Jennings State Bank your bank of choice. Whether you're looking for the best way to protect your cash assets, loans to meet your personal, business, agricultural or real estate needs, or just looking for friendly experienced staff, The Fort Jennings State Bank is your choice.
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