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Paycheck Protection Program (PPP) Loan Forgiveness

April 28, 2022 Update

We are winding down the PPP Forgiveness process and currently have fewer than 35 loans needing to be submitted to the SBA for forgiveness. Approximately 20 of these loans are less than $150,000. If you have not yet started the process we urge you to do so at your earliest convenience in order to avoid having your loan convert to a repayment plan.

The Small Business Administration continues to accept and process direct forgiveness applications for PPP loans up to $150,000.  If your loan amount is $150,000 or less and you have not yet submitted your forgiveness application, please go to http://directforgiveness.sba.gov/ to apply.

If your loan amount is greater than $150,000, you have received an email from itascabank@streetshares.com directing you to the same portal that you used when you applied for your second round PPP loan.  If your covered period has already ended, you can also go directly to the site at https://itascabank.streetshares.com/hub/signin.  This site is active and accepting applications.  To begin, you will enter your existing username and password or you can request a password reset email by clicking on “forgot my password.”

Please contact your loan officer at 630-773-0350 or email us at LoanOfficers@ItascaBank.com
if you have any questions.

Sincerely,

John J. Hunt
Senior Vice President & Chief Loan Officer


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