CapStar Bank Releases SBA PPP Loan Forgiveness Application Guidance
May 19 2020 - 6:30PM
CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ:
CSTR), released today an exclusive PPP Loan Forgiveness Application
Guidance pre-recorded
webinar and forgiveness
estimation
calculator in response to the PPP Loan
Forgiveness Application (SBA Form 3508) now available from the US
Treasury.
The free webinar and calculator resource are available on
CapStar Bank’s dedicated COVID-19 SBA website at
www.capstarbank.com/covid19sba.
The webinar covers the following Paycheck Protection Program
forgiveness hot topics and should provide answers to any borrower’s
most pressing questions:
- Review of the PPP Loan Forgiveness Application and critical
points borrowers need to know
- Introduction to the CapStar loan forgiveness calculator and how
it works to estimate forgiveness (a requirement of the
application)
- Step-by-step review of a case study for reference
“Since the establishment of the Paycheck Protection Program, our
primary goal has been to lead the way in providing clear guidance
and accessible resources to business owners throughout the markets
we serve,” said Mark Niethammer, CapStar’s Director of Government
Guaranteed Lending. “As our focus begins to shift from processing
and funding new applications to helping borrowers set themselves up
for PPP forgiveness, our purpose of being a source of support and
strength for our communities has not wavered.”
“Tennessee is fortunate to have a number of strong banks, but I
am especially proud of the extraordinary efforts of the CapStar
team as we’ve worked diligently to digest and navigate the PPP
process over the last several weeks. Objectively comparing our
performance to other financial institutions, CapStar’s PPP
production vs. asset size has been remarkable and the resources our
SBA team has developed are unparalleled in the marketplace,” said
Tim Schools, CapStar’s president and CEO. “We are honored to do our
part in helping businesses throughout Tennessee not only recover
but thrive in the wake of COVID-19.”
About CapStar
CapStar Bank, with assets of $2.03 billion, provides a
relationship-based and highly personal banking experience to small
to mid-sized private businesses, professionals, and individuals.
Focused on delivering superior flexibility, responsiveness, and
customer service, CapStar serves customers through highly-skilled
employees, digital channels, as well as 13 locations in seven
Tennessee counties. The bank was recognized by Greenwich
Associates, an international marketing firm, as a national Customer
Service Leader for business banking.
For more information about CapStar, please visit
www.capstarbank.com.
For more information, contact:Nicole Gibbs, (423)
649-1417nicole.gibbs@capstarbank.com
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