Paycheck Protection Program Update January 20, 2021 Last night, the SBA, in consultation with the US Treasury Department, released additional PPP forgiveness guidance, forms and resources. PPP Loan Forgiveness Application Form 3508 (Revised 7/30/21) PPP Loan Forgiveness Application Form 3508EZ (Revised 7/30/21) PPP Loan Forgiveness Application Form 3508S (Revised 7/30/21) – This is a new, simplified one-page application for borrowers of loans for $150,000 or less. Summit Bank is no longer accepting applications for First and Second Draw PPP loans. Update 1/12/21 Applications for First and Second Round PPP loans were due to Summit Bank by 5 p.m. January 11, 2021. Thank you for choosing Summit Bank. If you have any questions about submitting for PPP loan forgiveness, please contact our SBA team at firstname.lastname@example.org. Thank you!