Paycheck Protection Program

Grand Bank is pleased to be participating in the U.S. Paycheck Protection Program (the “PPP”).

When you are ready to apply for forgiveness of your PPP loan, please agree to the below terms and conditions by entering your information, selecting the appropriate size of your loan and clicking “submit” to go to either the Small Business Administration’s (“SBA”) direct forgiveness portal (for loans of $150,000 or less) or to Grand Bank’s forgiveness portal (for all other loans).

Terms & Conditions

By clicking “submit” below, you are (1) agreeing to all of the below terms and conditions; and (2) requesting access to either the SBA direct forgiveness portal or the Grand Bank forgiveness portal, depending on the specifics of your PPP loan:

• The rules, regulations, and requirements for receiving forgiveness of your PPP loan can be found on the SBA website at www.sba.gov or on the Department of the Treasury website at home.treasury.gov. Borrowers are responsible for compliance with all applicable rules, regulations, and requirements of the PPP, including with respect to forgiveness of their PPP loans.
• By submitting your forgiveness application, you certify that you meet all the requirements for forgiveness of the amount requested and that all representations and certifications made in the forgiveness application are accurate. Any errors or omissions in your forgiveness application are your responsibility. You agree that Grand Bank has no liability to you in connection with your forgiveness application or the ultimate decision made on your forgiveness application except for Grand Bank’s gross negligence or willful misconduct.
• Grand Bank has made no representation, warranty, promise or assurance that you will receive forgiveness of any amount of your PPP loan. Your forgiveness application will be subject to review by Grand Bank and the SBA. On review of your forgiveness application, Grand Bank and/or the SBA may request additional information, and you are responsible for responding to any such requests in a timely fashion. Even if your forgiveness application is approved by Grand Bank, your loan forgiveness application is ultimately subject to final approval by the SBA. There is no assurance that your forgiveness application will be approved by the SBA.

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