Small Business Administration (SBA) Paycheck Protection Program (PPP): Loan Forgiveness
Loan forgiveness applications have been sent to all round one PPP clients, and we are now actively working to process and submit these forgiveness applications to the SBA.
If you have not yet received a loan forgiveness application or if you have questions regarding your application, please email us at firstname.lastname@example.org, and one of our forgiveness specialists will assist you in navigating the process.
Please note, the SBA has been taking over 90 days to process some PPP loan forgiveness applications, specifically those over $150,000.
It has been our pleasure to serve you. We look forward to providing you with excellent service and solutions and meeting all your financial needs for years to come.
For details on the PPP loan forgiveness process and information on how you can begin to prepare your Application for Loan Forgiveness, please visit:
- The Guide to PPP Loan Forgiveness prepared by the U.S. Chamber of Commerce, HERE.
- The U.S. Department of the Treasury’s “CARES Act Assistance for Small Businesses” webpage, HERE.
- The SBA’s PPP webpage, HERE.
Loan Forgiveness Application Forms
For your convenience, the following are direct links to the U.S. Treasury’s website for each of the Loan Forgiveness Forms:
|Loan Forgiveness Application Form||Loan Forgiveness Application Form Instructions (revised 6/16/2020)||Loan Forgiveness Application Form (revised 6/16/2020)|
|Loan Forgiveness Application Form 3508EZ (EZ)||Loan Forgiveness Application Form EZ Instructions||Loan Forgiveness Application Form EZ|
|Loan Forgiveness Application Form 3508S (Simplified – $50,000 and Less)|
Updated 2/11/2021. All the above information is subject to change, per SBA guidelines. Affiliated Bank does not have any influence over the direction of the SBA’s loan forgiveness proceedings.