Message from Jennifer Roberts, CEO of Chase Business Banking
I’m encouraged to see businesses start to rebound as states across the country reopen. We’re staying in contact with the SBA and expect to start accepting Forgiveness requests for Paycheck Protection Program loans by mid-August. Remember you’ll need to request Forgiveness through the lender that funded your PPP loan.
Please don’t worry about rushing to apply for Forgiveness; it’s most important now to take the time to focus on your business and document your PPP spending through your Covered Period. We will email you when you can start your request through Chase online.
If there’s a portion of your loan that is not forgiven, payments won’t be due until the after the SBA has made their Forgiveness decision or remits the funds, or 10 months after the end of your Covered Period.
We’ll help you navigate the process, including whether you can use the new 3508EZ form. Please continue to check here for the latest updates.
All of us at Chase hope you stay safe and enjoy your summer.
If you are not receiving emails from us about Forgiveness, please check your spam folder and email privacy settings.