Park Bank

Paycheck Protection Program Loans

The SBA recently made two announcements:

  • There is a new, streamlined, one-page forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 and less. Forgiveness applications for PPP loans greater than $50,000 are also available. Contact your loan officer or visit our website for details.
  • The deferral period for Paycheck Protection Program (PPP) loans has been automatically extended from six to ten months. No modifications to your loan is necessary. Unless you submit a forgiveness application first, your first payment is not due until the 11th month after your note date.

To apply for PPP Loan Forgiveness, please use these documents:
PPP Loan Forgiveness Instructions
PPP Loan Forgiveness Application

Our goal is to maximize your PPP loan forgiveness. Please contact Morgan Farmer(cell: 608-790-2877, or your loan officer if you have any questions or would like to begin the forgiveness process.