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SBA Paycheck Protection Program

The deadline for submitting applications to the Small Business Administration for their Payroll Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness. Our portal is accepting forgiveness applications for both 2020 and 2021 PPP1/PPP2 loans. Apply today.
   

 

Kish Portal Login Instructions


The Kish Bank Online PPP Portal is used for loan forgiveness.

At any time, past borrowers can return to our Portal and enter their login credentials in the “Pick up where you left off” box to the right.
  
 

Existing Kish PPP Borrowers Applying for Loan Forgiveness

Please note that recent changes in the program have simplified the forgiveness process for loans up to $150,000, and the SBA has announced the use of Form 3508S for simplified forgiveness below $150,000. See Forgiveness Information below for more information.

If you have not yet accessed the Kish Portal for your forgiveness application, follow the instructions below. If you have logged in to apply for a Round 2 loan, use the same credentials and click on "Start a Forgiveness Application," and start at Step 2 below.

View our full PPP Forgiveness Instructions document for detailed instructions.
 
Step 1:

Click on the following link to access the Kish Bank Forgiveness Portal: https://kishbank.lenderscooperative.com/ (We recommend the use of the Chrome or Edge Web Browser.)

Step 2:

Enter the Company Tax ID number or Social Security number (Sole Proprietors) into the EIN or SSN box.

Step 3:

Enter the SBA Loan Number (with no dashes) into the SBA Loan Number box. You can find the loan number at the bottom of page 4 of your loan Note document. This number will also be emailed to the primary signer on the loan documents.

Step 4:

Click on “Find Your Loan” and verify it by selecting the correct loan amount.

Step 5:

Complete your login by entering an email address and password. (Note, if you are accessing multiple loans, you should use the same email and password.) Now you are ready to begin the forgiveness process.


Please take note of these special points about Portal Users:

  • Multiple individuals can create their own individual portal login for the same company, and share access to the forgiveness application.
  • One individual can access forgiveness applications for multiple loans. Follow the steps below for each loan and be sure to use the same email and password every time. You will then be able to toggle between different loans.


If you have questions, please use the secure communication function built into the portal to communicate with your Kish Bank forgiveness reviewer. If you have more general questions or if you have any issues logging in, please email [email protected].

 


 

Program Details


Types of PPP Loans

There are two types of PPP loans:
  • "First Draw" Loans – loans made to businesses who did not apply for (or qualify for) PPP loans during the first two rounds in 2020
  • "Second Draw" Loans – loans made to borrowers who originally received PPP funds in 2020 and who have fully used the proceeds of those loans

 

Forgiveness Information

We are currently accepting forgiveness applications through our Kish Bank Forgiveness Portal (instructions above), and processing them through the SBA.

Recent legislation added several expenses to what is allowable and forgivable. Covered operations expenditures, covered property damage costs, covered supplier costs and covered worker protection expenditures. Existing First Draw Loans that have not been forgiven can include these new eligible expenses as part of their forgiveness applications through their deferment period—for most borrowers the period has been extended through July 2021.

The simplified forgiveness process for all loans under $150,000 is still available. This application is called Form 3508S (S being for simple). We know this may be confusing as they are also still using Form 3508EZ (EZ being for easy), and the original Form 3508 full application. Please refer to the following for clarification:
  • The new Form 3508S is only used for loans under $150,000*.
  • The Form 3508EZ should be used for loans over $150,000 where the FTE count has been maintained and no one employee has been paid less than 75% of their normal wages (exemption rules apply).
  • The full Form 3508 must be used for all other borrowers.

*Please note, applications for loans under $150,000 which have already been started or submitted using form 3508EZ or the full application do not need to be changed or resubmitted, unless you wish to do so.

The new legislation also extended the deferral period for borrower payments on all PPP loans to the date that SBA remits the borrower’s loan forgiveness amount to the lender, as long as the borrower applies for forgiveness within 10 months from the end of the borrower’s loan covered period. Originally the deferral period ended after 6 months with an 8 week covered period. A mid-program change extended the 6 month deferment to 10 months and a 24 week covered period was added. Kish Bank processed a system-wide update that extends all PPP deferments from 10 months to 16 months. The SBA does not require a formal modification to the promissory note. For more information on these changes please read below.

 

Changes to the EIDL Advances

The new legislation repeals the section of the CARES Act that requires PPP borrowers to deduct the amount of their EIDL advance from their PPP forgiveness amount, clarifies this change is retroactive to the start of CARES, and requires SBA to make borrowers whole if they have already received forgiveness and the EIDL Advance was deducted from that amount.

 

SBA Information Sharing

On November 5, a federal judge ordered the Small Business Administration (SBA) to release the names, addresses, and precise loan amounts for all Paycheck Protection Program (PPP) loan recipients and all COVID-19-related Economic Injury Disaster Loan (EIDL) recipients. The SBA did not appeal the ruling and publicly released this information on December 1.

It is important for PPP borrowers to understand that this was not a decision made by Kish Bank, nor was Kish Bank the origin of the information shared by the SBA.

After the data release, the American Bankers Association was made aware that some third-party businesses were using the publicly released data to solicit business from PPP borrowers, specifically referencing the name of the lending institution—in some cases not disclosing that they are unaffiliated with the PPP lender, while others are implying a business relationship with the bank where none exists.

PPP borrowers are encouraged to consult with their financial advisers, attorneys or Commercial Relationship Managers about their PPP loan and the forgiveness process. Borrowers should be very wary of responding to unsolicited communications or sharing information about their PPP loan with businesses or individuals not affiliated with their bank.

Kish Bank will continue to support small business customers and do our part to help spur the economic recovery and limit the economic damage from this pandemic.

If you have questions, please contact your Commercial Relationship Manager.

For more information on COVID-19-related small business guidance and loan resources, please visit: https://www.sba.gov/funding-programs/loans/covid-19-relief-options


 


 

Additional Resources


We have added the following sections for your reference.
 

Reference Tools

SBA & Treasury Guidance

Contact and Support Information

Please contact your relationship manager or email us at [email protected].

 

Paycheck Protection Program Flexibility Act

SBA, in consultation with Treasury, will promptly issue rules and guidance, a modified borrower application form, and a modified loan forgiveness application implementing these legislative amendments to the PPP.  These modifications will implement the following important changes:

Extend the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement, providing substantially greater flexibility for borrowers to qualify for loan forgiveness.  Borrowers who have already received PPP loans retain the option to use an eight-week covered period.

  • Lower the requirements that 75 percent of a borrower’s loan proceeds must be used for payroll costs and that 75 percent of the loan forgiveness amount must have been spent on payroll costs during the 24-week loan forgiveness covered period to 60 percent for each of these requirements. If a borrower uses less than 60 percent of the loan amount for payroll costs during the forgiveness covered period, the borrower will continue to be eligible for partial loan forgiveness, subject to at least 60 percent of the loan forgiveness amount having been used for payroll costs.
  • Provide a safe harbor from reductions in loan forgiveness based on reductions in full-time equivalent employees for borrowers that are unable to return to the same level of business activity the business was operating at before February 15, 2020, due to compliance with requirements or guidance issued between March 1, 2020 and December 31, 2020 by the Secretary of Health and Human Services, the Director of the Centers for Disease Control and Prevention, or the Occupational Safety and Health Administration, related to worker or customer safety requirements related to COVID–19.
  • Provide a safe harbor from reductions in loan forgiveness based on reductions in full-time equivalent employees, to provide protections for borrowers that are both unable to rehire individuals who were employees of the borrower on February 15, 2020, and unable to hire similarly qualified employees for unfilled positions by December 31, 2020.
  • Increase to five years the maturity of PPP loans that are approved by SBA (based on the date SBA assigns a loan number) on or after June 5, 2020.
  • Extend the deferral period for borrower payments of principal, interest, and fees on PPP loans to the date that SBA remits the borrower’s loan forgiveness amount to the lender (or, if the borrower does not apply for loan forgiveness, 10 months after the end of the borrower’s loan forgiveness covered period).

 

Restaurant Revitalization Fund

SBA Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. Click here for more information.

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