Assisting our customers with PPP
As of May 5, 2021, the PPP funds are now fully allocated and the SBA is no longer accepting applications that are not submitted by Community Development Financial Institutions (CDFI), Minority Depository Institutions (MDI), Community Development Corporations (CDC), and Microlenders. As a result, we are no longer accepting PPP loan applications and we are no longer able to submit applications to the SBA.
PPP Forgiveness Updates:
As of January 19, 2021 the SBA has published new PPP forgiveness applications. On March 8, HSBC will be launching the new applications in HSBC SmartServe. Customers will receive an email from HSBC SmartServe when the new forgiveness process opens and they can begin applying for forgiveness. HSBC can be accessed at: https://smartserve.hsbc/. If you do not have access to HSBC SmartServe, please review the information below to initiate the process as soon as possible.
At the bottom of the FAQs you will find helpful links to the SBA and Treasury department IFRs and FAQs
Updated as of May 6, 2021