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PPP LOAN FORGIVENESS RESOURCES

 

First Bank of Wyoming is committed to helping small businesses in our communities recover.  We are here to help you maximize your loan forgiveness opportunity. 

This page will provide helpful resources for you to prepare for forgiveness of your PPP loan.  

If you would like to apply for a Paycheck Protection Program loan,  click here to be redirected to our Small Business Relief page.


LATEST PPP NEWS AND UPDATES

  • July 6 - The SBA has resumed accepting PPP loan applications in response to the Paycheck Protection Program Extension Act. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020 (previous deadline was June 30). Learn More    
  • June 19th - The SBA and U.S. Treasury announced enhanced transparency regarding the PPP.  Specifically, for businesses that received PPP loans in the amount of $150,000 and above, the SBA will disclose additional information. Learn More 
  • June 5th – The Paycheck Protection Program (PPP) Flexibility Act was signed into law, which makes it easier for many businesses to spend PPP funds in a way that is forgivable. Learn More

 

HOW TO APPLY FOR PPP LOAN FORGIVENESS

We are currently developing a streamlined PPP forgiveness application form to help simplify the application process for our customers.  Once complete, we will reach out to borrowers with an invitation to apply.  In the mean time, please review the following resources:

Note: If you have reached the end of your covered period, have spent your PPP funds, and believe you qualify for 100% forgiveness under the current PPP rules, you can submit a completed application package (including all required documentation) to us.  We will review and hold your application until the SBA opens its forgiveness processing system.    

 


Be sure to check back frequently, as we'll be making updates based on the latest information and guidance from the SBA. 

 

For more information about the Paycheck Protection Program, please visit the following websites: