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PPP Online Loan Forgiveness Application

We are pleased to assist you on the loan forgiveness step of the SBA Payroll Protection Program (PPP). As you know, the PPP allows for all or a portion of the loan and accrued interest to be forgiven if the proceeds are used for eligible payroll and certain non-payroll costs. 

On June 16, 2020, the SBA, in consultation with the Department of the Treasury, released a revised PPP loan forgiveness application (“Application”) which implements the changes from the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to a revised full Application, the SBA has issued an abbreviated “EZ” Application which simplifies the process for certain borrowers

As a result of these releases, we are now accepting Applications for loan forgiveness.

Links to the FULL and EZ Applications and instructions can be found below:

PPP Loan Forgiveness Application – Full Form Instructions (Revised June 16, 2020)

PPP Loan Forgiveness Application – Full Form Application (Revised June 16, 2020)

PPP Loan Forgiveness Application – Form EZ Instructions

PPP Loan Forgiveness Application – Form EZ Application

If you need assistance completing the Application, we recommend contacting your accounting or tax advisor. As always, you may contact your commercial lender with any questions.

To begin the process, we recommend that you print a copy of the relevant Application and instructions. Please read the instructions thoroughly, and work through the entire Application before beginning the submission process outlined below.

In order to expedite the processing of your Application, we strongly encourage that you submit your Application using the Bank’s online process. 

Simpler Form – 3508S 

On October 8, 2020, the SBA in consultation with the U.S. Treasury, released a “simpler” loan forgiveness application for PPP loans of $50,000 or less.  The new application also makes borrowers for PPP loans under $50,000 exempt from: (1) any reduction in forgiveness based on FTE employee reductions; and (2) any reduction in forgiveness for any salary or wage reduction.  

Borrowers must still complete a one-page application which includes certifications on the use of the funds.   

Click here to view the simpler loan forgiveness application (“Form 3508S”)

In addition, documentation is still required to be submitted for payroll and nonpayroll cost validation.  

Click here to view the instructions for completing the simpler loan forgiveness application.

NOTE:  This is not “blanket” or “automatic” forgiveness.  Borrowers must still provide support for their forgiveness request.  

All 3508S applications should be submitted using “OPTION 3” linked below – which is the option for borrowers to file a scanned application and attach required documentation.

Online Application Instructions

Before starting the online process, we recommend that you have all of the information required in the Application, including all supporting documentation.  A list of the potential items needed for your Application can be found here. Once you begin the application process, you will have the option to save your work and resume at a later time.

There are three options to submit your Application online:

Option 1:  Automated FULL Application and Submission [Click here to select this option]

Option 1 is for the FULL Application that was revised June 16, 2020 and may be used for either an 8- or 24-week Covered Period.  Features include:

  • Online data entry form
  • Autofill of Application pages required to be submitted, including calculations
  • E-signature capability
  • Direct submission of your Application
  • Upload link for all supporting documents

This online tool including calculations is provided for your convenience.  Each Applicant is responsible for double-checking and certifying all calculations including the loan forgiveness amount.

Option 2:  Automated EZ Application and Submission [Click here to select this option]

The EZ Application simplifies the process but does not change the requirement to submit documentation to support eligible payroll and non-payroll expenses.  The EZ Application may be used for either an 8- or 24-week Covered Period and is generally available to borrowers who are either:

(1)  self-employed with no employees; or

(2)  can certify they have not reduced the number of FTE employees AND have not reduced salaries or wages for any of their employees by more than 25%; or

(3) can certify they have experienced a reduction in business activity as a result of federal health directives related to COVID-19 AND have not reduced salaries or wages for any of their employees by more than 25%.   

Features include:

  • Online data entry form
  • Autofill of EZ Application pages required to be submitted, including calculations
  • E-signature capability
  • Direct submission of your EZ Application
  • Upload link for all supporting documents

This online tool including calculations is provided for your convenience.  Each Applicant is responsible for double-checking and certifying all calculations including the loan forgiveness amount.

Option 3:  Submission of Already Completed Application [Click here to select this option]

Option 3 may be used to submit ALL applications – FULL, EZ or SIMPLE. The process includes: 

  • Uploading your already completed Application (in PDF)
  • Uploading all supporting documents

Upon submission through any of the above options, you will receive an email confirmation that your Application has been received. Processing time will be dependent on the volume of Applications received by the Bank. The CARES Act allows the Bank 60 days to make decision on the loan forgiveness amount once a complete Application has been received. The amount of loan forgiveness is not final until approved by both the Bank and the SBA. 

The Bank has retained a third-party to assist in processing your Application. You may receive emails from PPPLoanTeam@ProBank.com requesting additional information and/or clarification.  To ensure emails do not end up in your Spam or Junk folder you may want to add the domain name (probank.com) and the above email address to your “Approved Senders List” (also known as “white-listing”).