PPP Loan Forgiveness Update

First Horizon is not yet ready to begin accepting applications for forgiveness under the Paycheck Protection Program.

  • What’s happening
    We are awaiting confirmation from Congress on the automatic forgiveness rule(s) for borrowers with loan amounts less than $150,000.
  • What we’re working on
    As we await this necessary guidance, we are working hard to test and refine our forgiveness process including the introduction of an online application portal where you’ll upload documents, address questions and monitor the status of your application. Resource guides will also be provided to help lead you through the process.
  • When it is time to apply
    You’ll receive an email invitation to apply based on your loan’s funding date or an estimated date you provided in a recent survey from the bank. You may also reach out to your Banker or nearest Banking Center to indicate your readiness to apply.
  • What you can do
    As you prepare for the forgiveness process, please visit the SBA website to find specific details about eligibility for forgiveness and documentation requirements.
     


First Horizon is proud to be here for you, and we thank you for this opportunity to serve you.


Be aware: The Small Business Administration and the Department of Treasury continue to provide additional guidance concerning the Paycheck Protection Program. Thus, First Horizon makes no representation that information contained herein is up-to-date or complete. Before submitting a request for loan forgiveness, borrowers may wish to visit the SBA, U.S. Treasury Assistance for Small Business, and U.S. Treasury FAQs websites for the latest information and guidance related to the Paycheck Protection Program.

* As of 9/10/20.

The Paycheck Protection Program: Working for you

How IBERIABANK and First Horizon Bank* have supported clients with the Paycheck Protection Program (PPP)

Approved more than 32,761 loans

for small businesses totaling $1.9B.

Funded over $4.2B loans

to local businesses.

Helped sustain over 541,615 jobs

across our communities.

As of 9/15/2020. *IBERIABANK is a division of First Horizon Bank.