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SBA Payment Protection Program (PPP) Loans
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Paycheck Protection Program


A message to our customers:


Updated 05.20.20


To all our customers with a Paycheck Protection Program loan who are preparing for loan forgiveness, we recommend that you start assembling your documentation now. Applications for forgiveness will be accepted starting May 29, 2020, unless changed by the SBA. For your reference, here’s the link to the PPP Loan Forgiveness Application Form. The form includes detailed information about the costs that are eligible for forgiveness, the list of documents required to be submitted with your application for forgiveness (page 10), and the instructions for calculating those costs. The SBA will be providing updated guidance for borrowers on the completion of their application for forgiveness which will be available through the resources noted below.

Please check back for specific instructions regarding the processing of forgiveness on the PPP loans originated through HomeStreet Bank.

Additional Resources:

U.S. Department of the Treasury Assistance for Small Businesses

SBA Paycheck Protection Program

PPP Frequently Asked Questions


Updated 05.14.20


On April 24, 2020 additional funding for the SBA Paycheck Protection Program ("PPP") was approved. We previously announced that we were no longer taking new applications because of the backlog of unprocessed applications we had received during the month of April. We’ve processed the backlog of loans that we received in April and are currently accepting new applications from existing customers and new banking relationships.

If your bank has been unwilling or unable to successfully process a PPP loan for you, please submit your contact information below. We will reach out to you with the documentation required to complete the application.

We are making every effort to get to every loan request, but we cannot guarantee that we will be able to process all requests before the funds are exhausted.

Disclosures:

Loans subject to approval.

Loan terms are subject to change without notice.

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