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SouthState

South State Bank
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Small Business Assistance - Next Steps

SBA Review

Upon receipt and review of your application by South State, it will be sent to the SBA. 

What to Expect After Submitting Your Application

What to Expect After Submitting Your Application

Your application will be approved or declined by the SBA. The SBA will send funds to SouthState, at which point we will apply them to your loan.

If your loan is fully forgiven, you’ll receive email confirmation from us letting you know the process is complete.

If you have a Forgiveness Gap (remaining loan balance), or your loan is not forgiven, repayment of your PPP loan is no longer deferred, and the loan balance, plus interest, must be paid in full by the maturity date.

If your loan was approved by the SBA on or after June 5, your loan has a five-year maturity. If your loan was approved by the SBA prior to June 5, your loan has a two-year maturity, which can be extended to 5 years upon request. We will reach out to you to discuss options about paying back the remaining balance, if applicable.

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