For example, if your PPP loan is disbursed on June 25, 2020, the 24-week period ends on December 10, 2020. Detailed information about the documents that will be required at the time of application can be found below:Documents verifying the eligible cash payroll payments from the Covered Period or Alternative Payroll Covered Period consist of the following:Documents verifying the eligible non-cash payroll payments from the Covered Period or Alternative Payroll Covered Period of the following:Documents verifying the eligible cash compensation to an owner-employee, a self-employed individual or general partner from the Covered Period or Alternative Payroll Covered Period consisting of each of the following:If you are using the 3508 EZ application, you must upload one document showing the number of FTEs on January 1, 2020 and another one showing the number of FTEs at the end of your selected covered period.If you are using the 3508 application, you must upload one of the following documents showing the average number of FTE employees on your payroll per week:Your documents must cover one of the following date ranges:Documentation verifying existence of the mortgage which includes February 15, 2020, eligible payments from the Covered Period and one month after the Covered Period ends consist of:Option 1. If you received a loan through the SBA’s PPP, you may be eligible to request loan forgiveness.Our PPP borrowers will be able to complete an online version of the SBA’s forgiveness application, which will ensure a quicker and more convenient experience than filling out a paper application. Use of and/or registration on any portion of this site constitutes acceptance of You can apply online or drop off your application at a Frost financial center. A spokesman for Frost Bank … Frost Bank was among the banks that processed the most loans in San Antonio during the PPP’s first round of funding, which provided $349 billion to businesses last month. our At Frost, we are proud to have helped many of our customers secure funds through the SBA’s Paycheck Protection Program (PPP) in order to help keep their businesses operational during these extraordinary times. Please note that the information above is taken directly from the SBA and/or the SBA Paycheck Protection Program Loan Forgiveness Application, and is posted here solely for your convenience. Frost Bank was among the banks that processed the most loans in San Antonio during the PPP’s first round of funding, which provided $349 billion to … The PPP will be administered by the Small Business Administration (SBA). Like many financial institutions, Frost Bank is only accepting PPP loan applications from its business customers. All rights reserved. For more details about how you can begin to prepare, please visit our We are committed to processing your loan request and providing you with a decision as soon as possible but because of changes to the PPP Program recently passed into law, the approval process may be delayed. Please note, the required documentation will be the same regardless of which application you use. Lawsuits were filed against Wells, Frost Bank, JPMorgan, US Bancorp and BoA, alleging that they prioritized their own customers when processing PPP loans. The CARES Act has several key provisions that include the Payment Protection Program (PPP), stimulus payments, changes to Individual Retirement Accounts (IRAs), new retirement loan minimums and more.For more than 150 years, Frost has served the needs of our customers and been a force for good in our communities.

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