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First Oklahoma Bank

PPP Forgiveness

Please Note: At this time we are only taking PPP forgiveness application for First Draw PPP loans funded in 2020.  
 
Click here for a letter from our CEO, Tom Bennett III, regarding the PPP Forgiveness process. (released 01.20.2021)

Click here for a guide to our Secure Document Portal.
 

Application Information

There are three different applications: 3508, 3508 EZ, and 3508S:
 
For customers with loans under $150,000, refer to the information below about the Form 3508-S.

3508S Application for borrowers who received a PPP loan of $150,000 or less. 



Forgiveness Information & Resources


Click here for the entire Interim Final Rules document as amended by the Economic Aid Act.
 
Click here for a Procedural Notice from the SBA regarding Loan Forgiveness Application resubmission. (Released 01.15.21)

Click here for a Procedural Notice from the SBA regarding excess loan amounts. (Released 01.15.21)

Click here for a helpful article from CNBC. (Released 12.10.2020)
 
Click here for an article about key PPP issues from the Journal of Accountancy.
 
Click here for a helpful article from the Journal of Accountancy.

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