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PPP2 loan activity was complete on May 5, 2021 and now our PPP2 partner, Newity (formerly ACAP), has moved into their loan forgiveness process. Since The State Bank did not originate your PPP2 loans, we are also not involved in the collection of information or support of loan forgiveness. Newity will be providing further communication to PPP2 customers as forgiveness information becomes available and the portal opens for input of your loan forgiveness application.
Click here to access the Newity PPP2 Portal and watch for updates from Newity on loan forgiveness steps.
Additional Resources
Further guidance, if needed, can be found here on the US Department of the Treasury website.
The PPP allows a portion, or all, of your loan and accrued interest to be forgiven if the proceeds were used for eligible payroll and non-payroll costs. Follow the link for more information.
The State Bank is proud to be a Preferred Small Business Administration (SBA) lender. Our small business experts can provide customized lending solutions to fit your business needs.
*Based upon number of approved loans for the SBA fiscal years ending September 30, 2020, 2021, 2022 & 2023. Subject to credit approval.
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