PPP Loan Forgiveness

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As a mutual savings bank that has been in the Springfield area for over 100 years, we are owned by our depositors. We pride ourselves on being a real community bank which focuses solely on our customers and community.

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Info for PPP Loan Forgiveness Information
Read the instructions below and apply at the bottom of this page.

Things to know before you apply

You are eligible to apply for forgiveness at any time regardless of the Covered Period you chose. However, we suggest that you verify you’ve paid the amount of Covered Expenses required to have your loan fully forgiven.
If your PPP loan was for $150,000 or less, there is still a possibility of legislation that would simplify the forgiveness applications and reduce the amount of required supporting documentation. Taking this into consideration, please determine when applying for forgiveness makes the most sense for you.

Forgiveness Application Instructions
Please note: we have made some adjustments to our application and document submission process for the forgiveness phase of the PPP. It will be slightly different than the loan application process. These changes will help us more efficiently process forgiveness applications. Please read the following instructions carefully.

Once you have determined which application you are eligible to use, please review the applicable instruction sheet. Once completed you can email your application to thowe@securitybk.com or loanofficers@securitybk.com.

Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act<https://www.sba.gov/document/support-ppp-interim-final-rule-loan-forgiveness-requirements-loan-review-procedures-amended-economic-aid-act> [link to here: https://www.sba.gov/sites/default/files/2021-01/PPP%20–%20IFR%20–%20Loan%20Forgiveness%20Requirements%20and%20Loan%20Review%20Procedures%20as%20Amended%20by%20Economic%20Aid%20Act%20%281.19.2021%29.pdf ]