People’s United Bank is accepting customer applications for PPP Loan forgiveness for loans funded in 2020. For PPP loans obtained in 2021 (“round 3” of SBA PPP funding authorization), the online application portal will only accept those forgiveness applications if a Covered Period of at least 8 weeks has passed.
PPP borrowers through People’s United Bank who apply for loan forgiveness will do so through an online platform. The platform will closely follow the content of the forgiveness applications issued by the SBA, but the application forms will NOT be uploaded into the platform. Please familiarize yourself with the information requested in the applications (SBA-published FAQs are available), as well as which application your qualify to use: 3508-S, 3508-EZ, or the full 3508.