Brand new PPP Consumers: Very first Mark PPP FAQ section
Performs this FAQ affect me personally?
Which FAQ relates to your if you have never ever in the past obtained a PPP Mortgage regarding any lender. To learn more, kindly visit the small Company Administration web site (SBA.gov).
How do i apply for an excellent PPP loan with Watertown Deals Bank?
Our company is recognizing SBA PPP Loan applications to own review through our WSB PPP App portal. Immediately after reviewed and pre-passed by WSB, completed software are going to be submitted because of the WSB to the Business Association (SBA) to possess authoritative approval performing towards the Monday, January 19th. So it webpage have a tendency to lead your throughout your PPP Application for the loan.
If you are not currently an effective WSB buyers, up on entry of the software, we are going to need you to unlock a WSB family savings. This may allow us to do the regulators-necessary identity and you will files measures necessary to offer the mortgage. In case the financing is approved, we are going to financing your SBA financing using this account. You are not as much as no obligations to continue to make use of the fresh new account shortly after financing investment and you are not necessary to-be a good WSB buyers to try to get a good PPP Financing.
Exactly what assistance am i going to have when trying to get a PPP Financing?
New WSB PPP Software portal often take you step-by-step through the fresh new PPP application processes. Meanwhile, so it FAQ was created so that you will know the way PPP loans performs and that have the ability to choose all the info one will be required from you whenever obtaining a beneficial PPP Financing.