Paycheck Protection Program | Forgiveness Application 3508S
Dear PPP Recipient ,

Thank you for allowing York Traditions Bank to assist you in securing a Paycheck Protection Program (PPP) loan.

We are pleased to inform you that York Traditions Bank is now accepting SBA Form 3508S forgiveness applications through our loan forgiveness submission portal.

As a reminder, the simplified 3508S form may be used by borrowers with PPP loans of $50,000 or less. (A borrower that, together with its affiliates, received PPP loans totaling $2 million or greater cannot use this form.) Forms 3508 and 3508EZ are also still being accepted. If you have already submitted using one of these forms, you do not have to resubmit using the 3508S.

While the supporting numerical fields in Form 3508S have been removed, the documentation submission requirements and basis for the forgiveness amount calculation remain intact.

Please prepare documentation to support total loan forgiveness per the 3508S instructions and PPP Forgiveness Fact Sheet.
If you have misplaced the forgiveness portal link or credentials needed to access the forgiveness portal, please contact our PPP team at 717-801-4398 for assistance.

We suggest that you continue to consult your accountant during the loan forgiveness process.
Here are some important reminders as you prepare to submit your forgiveness application:

  • All PPP Applicants should have received a welcome email on September 3, 2020. This email is specific to the main contact that was listed on the PPP Application. If you did not receive this welcome email, please reach out to our PPP Team at 717-801-4398 or at ytbppp@yorktraditionsbank.com

  • Please continue to review the SBA Interim Final Rule and SBA FAQs as it clarifies limitations on rent paid to related parties, additional information for non-payroll costs, and clarification on home offices expenses.

  • Please upload documentation to support total expenses you are including for forgiveness. Once you complete your application through the portal you will be prompted on the required uploads based on your input. Reconciliations are encouraged so we can easily review the applications and keep them moving quickly through our process.

  • Be sure to initial all certification questions. This is an SBA requirement to be eligible for forgiveness.
Additional Resources

The SBA recently updated their Frequently Asked Questions. Please visit:

To access all posted forms, rules and tools posted by the US Treasury and SBA please visit: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

If you have any questions or need further assistance, please contact our PPP team at 717-801-4398 or email ytbppp@yorktraditionsbank.com.
Thank you for your continued trust in York Traditions Bank.
York Traditions Bank | www.yorktraditionsbank.com
Member FDIC | Equal Opportunity Lender