Coronaviruses Business Support

 

 

 

PPP Loan Forgiveness Guide (1st & 2nd draw)
Start your SBA PPP Loan Forgiveness Application here »


Key Highlights

  • Borrowers may elect between an 8 - 24 week loan forgiveness coverage.
  • Forgiveness loan covers payroll and non-payroll expenses (for a list of non-payroll expenses check sba.gov).
  • Borrowers determine their loan forgiveness application process (SBA Form 3508 ES for loans under $150,000.  Over that amount can use the standard SBA Form 3508 or EZ Form 3508EZ).

 

What do you need to apply?

  • Supporting payroll and non-payroll expense documentation
  • SBA loan number (located at the top of your signed SBA Paycheck Protection Program loan document)

 

 Who is eligible to apply?

  • PPP borrowers may be eligible for loan forgiveness if their loan funds were used for qualifying payroll and non-payroll expenses during either the 8 or 24 week period after their loan disbursement.

Stay Informed

Stay notified of recent updates by visiting our website often. And know that the SBA provides guidance and loan resources and the US Treasury offers additional assistance for small businesses.