Loan Forgiveness

• Thank you for choosing National Cooperative Bank for your SBA Paycheck Protection Program (PPP) loan. We know you are considering/working on the next step of the PPP process by applying for loan forgiveness from the SBA.
• We know that a lot of you have questions regarding the status of the forgiveness stage of your PPP loan. We understand that you are eager, and perhaps a bit anxious about what you need to do to apply for that forgiveness. Unfortunately, Congress and the SBA have not issued comprehensive guidance around this topic, but rest assured that NCB is actively monitoring legislative proposals that may make it easier for many of you to apply for and receive 100% Forgiveness.
• NCB is currently finalizing an online application portal that our customers will be able to utilize to submit their forgiveness applications. We are currently in the testing stages to make sure that the system is intuitive and will be easy for you to use. We hope to have this system up and running within the next couple of weeks, and once it is ready you will be receiving an invitation from us to log in to the portal and begin preparing your applications for submission. In the mean time, if you have any questions please to not hesitate to contact us directly.