The fresh new PPP Consumers: Very first Draw PPP FAQ area

The fresh new PPP Consumers: Very first Draw PPP FAQ area

Does this FAQ apply to me personally?

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It FAQ relates to you when you have never ever previously received a great PPP Mortgage out of any standard bank. To find out more, please visit the small Business Management website (SBA.gov).

How do i apply for a good PPP mortgage that have Watertown Offers Financial?

We are recognizing SBA PPP Applications for feedback courtesy all of our WSB PPP Application webpage. Immediately following examined and pre-approved by WSB, completed applications is recorded by the WSB towards Home business Association (SBA) for official acceptance doing for the Monday, January nineteenth. That it site commonly direct your throughout your PPP Application for the loan.

If you aren’t currently a beneficial WSB customers, abreast of submission of the software, we’ll require that you unlock an excellent WSB savings account. This will allow me to use the regulators-expected identification and papers strategies wanted to offer the mortgage. In case the mortgage is approved, we’ll money your SBA mortgage using this account. You are significantly less than no responsibility to keep to utilize the fresh new account once financing resource and you’re not required is a great WSB customer to apply for a PPP Mortgage.

Just what service will i possess whenever trying to get an excellent PPP Financing?

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The fresh new WSB PPP App portal often take you step-by-step through this new PPP app techniques. In the meantime, that it FAQ is made so that you will recognize how PPP financing really works hence have the ability to identify everything you to will be required from you whenever trying to get a PPP Loan. All of our feel is that because the program opens, we are going to have likely hundreds of teams using at the same big date. We create our very own best to address private inquiries, however, you will want to consult with your financial coach and try to understand the requirements because detailed contained in this FAQ before starting the program process. Leer más