GORHAM, ME — Important notice for those who have not requested forgiveness or begun repayment of your pandemic Paycheck Protection Program (PPP) Forgivable Loan or Economic Injury Disaster Loan (EIDL):

WHAT IS HAPPENING: If borrowers have not begun payment or requested forgiveness, the loan balance could be referred to Treasury for collection.

WHY THIS MATTERS: A referral to Treasury will result in a significant fee being added to your loan, garnishment of future wages, Social Security benefits, and tax refund. Defaulting on a government loan could severely impact credit and is very difficult to undo.

TAKE ACTION NOW: Visit SBA’s PPP Direct Forgiveness Portal at https://directforgiveness.sba.gov or call 1-877-522-2692. If you got a PPP loan and think it might have been forgiven (but aren’t sure), it’s important to check – you should have received something in writing from your lender. For EIDL loans, contact 1-833-853-5638 or COVIDEIDLServicing@sba.gov. If you are unable to pay, you NEED to contact the SBA to arrange a Hardship Accommodation Plan.