As of May 4th, the SBA depleted all funds for PPP lending and abruptly shut the application portal. We are no longer accepting new applications for PPP funds. Should Congress decide to allocate more funds to this program, we will reopen the application process. Currently, that does not seem likely. All PPP borrowers will be contacted to begin the forgiveness process as soon as the timing is appropriate. If you have any further questions, please don’t hesitate to contact Kathryn Perry at kathryn.perry@psbtrust.com
