Paycheck Protection Program Update
PPP Loan Forgiveness Information
Date: 7/28/2021Middlesex Savings Bank is aware that the SBA plans to launch an online PPP forgiveness request platform for borrowers with loans of $150,000 or less, allowing borrowers to apply directly to the SBA for forgiveness.
Middlesex currently offers portals for existing borrowers to apply for forgiveness of 2020 and 2021 PPP loans.
At this time, Middlesex Savings Bank PPP loan borrowers must continue to apply for forgiveness directly through the applicable portal to streamline the loan forgiveness process.
2021 PPP Loan Applicants
For information on forgiveness of a PPP loan received in 2021 only, please visit the 2021 Forgiveness page.
2020 PPP Loan Applicants
For information and to apply for forgiveness of an existing 2020 PPP loan, please visit the 2020 Forgiveness page.
PPP Origination: Funds Exhausted
After more than a year of operation, funding for the Paycheck Protection Program has been exhausted. As such, the SBA is no longer allowing us to submit PPP loan applications for their consideration.
