PAYCHECK PROTECTION PROGRAM FORGIVENESS
Old West Federal Credit Union
Serving Eastern Oregon Residents Since 1957
Welcome!
Old West Federal Credit Union is now accepting Small Business Administration (SBA) Payment Protection Program (PPP) forgiveness applications. In an effort to help as many as possible, Congress has made multiple updates to the PPP program. We anticipate additional changes may be made to ease the forgiveness process; as such it may benefit you to wait to apply. We encourage you to refer to the SBA website (www.sba.gov) for updates. When ready, submit your forgiveness application and supporting documentation electronically to [email protected].
Please note the following:
PPP Forgiveness Application & Instructions
SBA Form 3508EZ - For all PPP borrowers operating as a sole proprietor, independent contractor, or self-employed individual with no employees:
The application may be found here ; instructions to apply may be found here.
SBA Form 3508 – For all PPP borrowers with employees:
The application may be found here; instructions to apply may be found here.
SBA Form 3508S - For all PPP borrowers with loan amounts < $50,000:
The application may be found here; instructions to apply may be found here.
Supporting Documentation
Supporting documentation is required to verify the number of full-time equivalent employees on payroll, their pay rates and eligible non-payroll expenses, for covered period, including:
Other documents and agreements requested by OWFCU
For additional information regarding loan forgiveness, please visit www.sba.gov/paycheck-protection-program or click here to view FAQs on PPP Loan Forgiveness.
Please contact our PPP Loan Processing team with questions specific to our process. We may be reached at 541.278.6800 or [email protected].
Thanks for your continued support of OWFCU – we appreciate you!
Important Notice: Applicants are solely responsible for understanding and certifying that they meet the eligibility requirements for PPP loan forgiveness. Additional loan terms, documentation requirements and restrictions may apply. The information on this web page is meant to be general in nature, for information purposes only and should not be used in place of personalized advice from a tax or legal advisor. OWFCU makes no representations, expressly or implied, regarding the information contained on this webpage.