Paycheck Protection Program Loan Forgiveness
Business customers who received Paycheck Protection Program loans have the opportunity to apply for loan forgiveness. To qualify, borrowers must meet criteria established by the Small Business Administration (SBA).
To help ensure an effective and efficient process for our borrowers, Burke & Herbert Bank has engaged CliftonLarsonAllen (CLA) to assist us in accepting Paycheck Protection Program loan forgiveness applications. Through their user-friendly online portal, CLA, on our behalf, will collect your forgiveness application along with the required supporting documents. Please note the following:
Borrowers with Paycheck Protection Program loans greater than $150,000
• You will receive email communications from the Bank and from CLA during the week of August 3, 2020 providing more information and instructions.
• The email from CLA will be sent from email@example.com with the subject line “Welcome to CLA Online Account!”
Borrowers with Paycheck Protection Program loans of $150,000 or less
• Legislation regarding a simplified process for these loans is pending. We will communicate next steps for you once they are determined.
Please check back for updates.Back