Important Update as of March 3, 2021
The Economic Aid Act legislation enacted earlier this year changed eligibility and covered expense requirements for PPP loan forgiveness. These changes require updates to the application forms and the online platform through which People’s United Bank’s customers apply for loan forgiveness. As a result, you may need to take further action on any loan forgiveness applications you have in process and/or be aware of SBA-mandated changes to the application forms.
If you have started a loan forgiveness application but have not yet submitted it for SBA review:
Any PPP loan forgiveness application that was in-process prior to March 1, 2021, has been impacted by SBA-mandated changes to the application forms. Any information previously entered has been transferred to the new version of the PPP Loan Forgiveness application that is appropriate for your loan amount.
If you have not yet started a loan forgiveness application:
Any People’s United Bank customer that wishes to begin a new PPP loan forgiveness application may do so now using our online application portal.