Paycheck Protection Program
To our Valued Paycheck Protection Program (PPP) Clients:
Thank you, again, for giving Orrstown Bank the opportunity to assist you and your business during this challenging period.
As we enter the forgiveness phase for PPP loans, we wanted to provide you with an important update.
We are now taking forgiveness applications on a rolling basis (first in, first out based on the date of the loan closing). We will contact you when your forgiveness timeframe opens and provide you with prefilled applications and instructions at that time. An Orrstown Bank representative will be designated to assist you through this process.
We are aware that some PPP loans are scheduled to begin repayment in October. If forgiveness for your loan is not achieved by that time, we will contact you to extend the payment deferral period. You will not need to begin making payments until otherwise directed. We will work with you to extend your loan, so do not let this process cause you any concern or confusion, because we are here to help. Feel free to reach out to your Orrstown Bank Relationship Manager for any questions or guidance.
Our goal has always been to keep you informed and up-to-date as we continue to navigate this process together, and we will continue to update you as warranted.
Thank you for putting your trust in Orrstown Bank. Please feel free to contact your Orrstown Bank Relationship Manager at any time with any questions you may have.