Paycheck Protection Program (PPP) Loan Forgiveness

Golden Bank is proud to have helped many customers secure funds through the SBA’s Paycheck Protection Program (PPP) to keep their businesses operational during these COVID-19 pandemic period. Customers may be eligible to request loan forgiveness if you received a loan through the SBA’s Paycheck Protection Program (PPP)

The SBA has provided the Paycheck Protection Program Loan Forgiveness Application, please download SBA Form 3508 or SBA Form 3508EZ PPP Loan Forgiveness Application. Please contact your Golden Bank PPP loan officer for details and customers will need to complete the application and submit it to Golden Bank. Please note, the information is subject to change based on new or updated guidance from the SBA.

You will need to maintain all records relating to your PPP loan, including documentation submitted with your PPP loan application, documentation supporting your certifications as to the necessity of the loan request and your eligibility for a PPP loan, documentation necessary to support your loan forgiveness application, and documentation demonstrating your material compliance with PPP requirements. The application requires that you retain all such documentation in your files for six years after the date the loan is forgiven or repaid in full, and permit authorized representatives of SBA, including representatives of its Office of Inspector General, to access such files upon request.