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Financial Assistance for Businesses

PPP Loan Forgiveness

Start preparing for loan forgiveness. Save time in the process.

Small businesses who received PPP funds must meet certain eligibility requirements for loan forgiveness.  Windsor Federal has gathered resources on document collection, form submissions and timelines in order to help you complete your application quickly and accurately. 

If your loan was received directly from  Windsor Federal , Click Here to Learn More.

Financial Assistance for Businesses

Windsor Federal is committed to helping our customers affected by the Coronavirus pandemic.

The Congress and President of the United States are expected to approve a funding Bill providing an additional $320 billion to replenish the SBA's Paycheck Protection Program. Once again, Windsor Federal will partner with Kabbage Funding in assisting small businesses.


The SBA Paycheck Protection Program (PPP) was designed to provide an incentive for small businesses to keep their employees on the payroll. On April 3rd, the PPP loan applications opened up to businesses nationwide. Due to issues with the program’s rollout, many institutions, including Windsor Federal, have experienced significant challenges with the ability to process loan requests. In order to better serve our customers, we are partnering with Kabbage Funding™ to assist us in processing these loan requests. It has been reported that the SBA will forgive the loan if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The program accepted applications through June 30, 2020, with loans available for 2.5 times your average monthly payroll over the 12 months preceding the loan, up to $10 million. There’s no collateral or personal guarantee.

Kabbage Funding:

  1. Create a Kabbage account.

  2. Submit information about you, additional owners and your business, including payroll filings and certifications necessary for eligibility.

  3. Review your business’s eligible amount.

  4. Verify your business information and identity.

  5. Take the loan when you’re approved.

Customers may contact Kabbage’s customer support for any issues you may experience: 888.351.3143.

Information regarding PAYROLL as provided in the CARES Act as well as minimum documentation requirements:

"Payroll costs" are defined broadly as: 

  • Employee salaries, wages, commissions, etc.up to $100,000 per year, $8,333.33 per month
  • Payment for vacation, parental, family, medical or sick leave
  • Severance payments
  • Group health insurance
  • Retirement plan contributions
  • State and local taxes assessed on such compensation

Payroll costs do not include: 

  • Compensation over $100,000/yr, $8,333.33/mo
  • Federal tax withholdings
  • Compensation for non-US residents
  • Sick leave and family leave provided by the new Families First Coronavirus Response Act for which there are already tax credits

 Documentation will include at a minimum:

  • Employee wages for the last 12 months, including you, your family and associates – contact your payroll provider for the report
  • This report must also show paid time off, vacation, sick pay, family medical pay, etc. All of this is eligible to be included. The more you can show the better, as this will increase the loan amount
  • Withholding for state and local taxes on employee compensation
  • 1099s paid to independent contractors
  • Documentation showing how much, you, the employer paid in employee group health insurance premiums for the past 12 months. Your insurance company should be able to provide this
  • Documentation showing the amount of retirement plan funding the employer made for employees over the past 12 months (profit sharing 401(k) plans, cash balance plans, SIMPLE and SEP IRAs). If your 2019 plan administration has been completed, you should use this as the basis for these figures. (Employees’ own 401(k) salary deferrals won’t count for these purposes).

Other SBA Government Assistance Programs:

If you would like to explore other SBA program offerings to determine which may be best for your situation, visit the SBA’s Business Guidance and Loan Resources page of their website.


*For Paycheck Protection Program loans under the Cares Act, please click here and you will be connected to Kabbage, Inc. and its online application.  Windsor Federal is working with Kabbage in connection with processing and servicing Paycheck Protection Program loans.  All eligibility or qualifications for such loans shall be subject to completion of the online application and approval by Kabbage in its sole discretion.  If approved and funded, Kabbage shall be responsible for servicing Paycheck Protection Program loans.