Great news for PPP borrowers!
Our PPP (Paycheck Protection Program) forgiveness process will reopen on March 5. This means you can continue an existing application for PPP loan forgiveness or submit a new forgiveness application.
- If your PPP forgiveness application is still in progress:
Beginning March 5, you will need to log in to our PPP client portal to update the information you provided previously for the forgiveness application. Please contact us if you cannot locate your personal link for the portal.
Important: The SBA has updated the loan forgiveness applications based on changes it has made to the program. As before, you will be prompted to answer a series of questions. This may even involve selecting a new type of application, which could be more advantageous for you. Please be sure to review the information carefully as you go through the application process and answer all questions. The Aprio site (below) provides additional information about the changes.
- If you are a new PPP forgiveness applicant: Review the best practices for preparing for PPP Loan Forgiveness here, then contact us at 877-579-5300. We will follow up with your personal link to the client portal where you can submit your information
More good news
- For PPP loans $150,000 or less, the new forgiveness application requires less documentation than before.
- The list of forgivable expenses for existing PPP loans has been expanded.
We’re here to help
If you need assistance, please contact our SBA/PPP support team at 877-579-5300, Monday through Friday, 8 a.m. to 5 p.m., ET. You can also contact your banker or relationship manager any time.