- To access the forgiveness application, enter the exact business name and Tax ID of the business (for individuals and sole proprietors, this will be your Social Security Number if you do not have an Employer Identification Number).
- You will receive a one-time security passcode via email. Enter the code to access the application.
If you have any issues accessing the application, please email us at [email protected], and a team member will contact you to assist.
Remember that the SBA retains the right to audit any PPP loan. Borrowers are required to retain all records relating to your Forgiveness Applications for the following time-frames:
- Employment Records for a four-year period.
- Records relating to all other eligible expenses for a three-year period.
We are currently processing 3508EZ and 3508 Standard Form forgiveness applications only for loans originated in 2020 as we work to update our systems to accept applications for loans originated in 2021. We will notify you via email when we are ready to accept forgiveness applications for loans over $150,000 originated in 2021.
Other Important Changes to PPP Forgiveness
EIDL Advance Deduction
Congress has removed the requirement to deduct Economic Injury Disaster Loan (EIDL) advances from the amount of PPP Loan Forgiveness.
Changes to Eligible Expenses
The Act expands the use of PPP loan proceeds, including additional eligible expenses. This does not remove the requirement that at least 60% of the loan proceeds must be used for payroll costs. The change is effective for all PPP loans that have not already been forgiven.
The Act clarifies that the definition of payroll costs includes:
- "group life, disability, vision, or dental insurance"
Additional Eligible Expenses