Does this FAQ affect me personally?
It FAQ applies to your for those who have never prior to now received an excellent PPP Loan of any lender. To learn more, please visit the little Company Administration site (SBA.gov).
How do i submit an application for an effective PPP loan having Watertown Deals Bank?
We have been acknowledging SBA PPP Loan requests having remark through our WSB PPP Application site. Once examined and you will pre-approved by WSB, finished software might be recorded from the WSB on the Small company Relationship (SBA) to own formal acceptance performing toward Saturday, January nineteenth. This site tend to lead your throughout your PPP Application for the loan.
If you aren’t already a WSB buyers, upon submission of app, we are going to require you to discover an effective WSB checking account. This may permit us to do the regulators-expected identification and documentation procedures necessary to give the loan. In the event your financing is eligible, we’ll financing the SBA loan with this specific account. Youre lower than no duty to carry on to use the fresh new account immediately after mortgage funding and you are clearly not necessary are good WSB customer to apply for an excellent PPP Mortgage.
Read moreThe fresh new PPP Individuals: Very first Draw PPP FAQ part