Attention: If you have not taken steps to apply for forgiveness for your PPP loan, it is important that you take action now.
How Can ATCU Help Me with the SBA PPP Loan Forgiveness?
We appreciate the overwhelming response to our invitation to help small businesses through the processing of Small Business Administration (SBA) Paycheck Protection Plan (PPP) applications approved in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
With the recent release of the SBA PPP Forgiveness form for applicants that obtained loans less than $150,000, we are now ready to help ATCU members complete the application for the forgiveness phase of this program. The revised simplified Forgiveness Application 3508S for SBA PPP Loan recipients of less than $150,000 as well as other documentation, forms and instructions can be accessed at Small Business Administration (SBA) website. For additional resources you may find helpful in navigating these difficult times, you can also visit Alabama Small Business Development Center Network website that provides webinars you may find useful. We also encourage continued communication with your attorneys, accountants, etc. for clarification of the impact of the utilization of these resources to your business.
For your convenience, here is a helpful link as you begin to prepare for the forgiveness phase:
- SBA Form 3508S Paycheck Protection Program Forgiveness Application (updated 01-19-21)
To submit your application package and/or if you have questions about your current ATCU SBA PPP Loan, please contact us by emailing [email protected] or calling 1.800.470.0704.
ATCU wants to thank you again for giving us the opportunity to help you and your business through these challenging times. We look forward to serving you in the future.
SBA PPP Update - 5/5/2021
SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies (CDCs), SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) until May 31, 2021 or until remaining funds are exhausted. Alabama Teachers Credit Union is not a participating community financial institution; therefore, we are not accepting new PPP loan applications.
Find an eligible lender that is participating in PPP:
Please continue to access ATCU’s SBA PPP Landing Page as it will contain updated information as well as future SBA PPP Forgiveness information once it becomes available.
By submitting the required items either in part or in whole, I understand, acknowledge, and agree that the Lender and Other Loan Participants can obtain, use and share tax return information for purposes of (i) providing an offer; (ii) originating, maintaining, managing, monitoring, servicing, selling, insuring, and securitizing a loan; (iii) marketing; or (iv) as otherwise permitted by applicable laws, including state and federal privacy and data security laws. The Lender includes the Lender’s affiliates, agents, service providers and any of aforementioned parties’ successors and assigns. The Other Loan Participants includes any actual or potential owners of a loan resulting from your loan application, or acquirers of any beneficial or other interest in the loan, any mortgage insurer, guarantor, any servicers or service providers for these parties and any of aforementioned parties’ successors and assigns.
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