PAYCHECK PROTECTION PROGRAM (PPP)
The PPP was formed under the CARES Act and is administered by the Small Business Administration (SBA) to make loans to businesses impacted by COVID-19. This unique program includes a provision for the SBA to forgive up to the full amount of the loan, if used for eligible expenses.
We will continue to support all organizations with PPP loans originated through Seattle Bank, including facilitating the loan forgiveness application process. Questions about your loan or loan forgiveness should be directed to [email protected].
It has been very rewarding to connect more closely with our community nonprofits and small businesses to provide financial assistance through PPP during this particularly challenging period. Looking back, we have channeled more than $100 million in relief to support the economic resiliency of local organizations. We thank all the organizations that partnered with Seattle Bank through this important program.
Email: [email protected]