Here’s how to get started
Become familiar with the updated SBA forgiveness application form available on the SBA’s website.
You won’t need to complete the form. Oxford Bank will help you with that. However, use the form as a guide to organize documents you will need including
- Verification of the number of employees on your payroll
- Employees’ rates of pay
- Payroll documentation i.e. cancelled checks, payment receipts, documentation of accounts
- Documentation of mortgage, lease and utility payments
How Oxford Bank will help
Oxford’s lenders stand ready to assist you in completing the required form and to advise you on the documentation you’ll need to obtain the greatest amount of loan forgiveness. Once the program rules have been set and Oxford Bank is ready to accept applications for forgiveness, we will contact you directly through our forgiveness platform. When you receive the email, contact your lender should you have any questions.