PPP Loan Forgiveness Resource Center

To assist you in completing your forgiveness application, we have several resources available. Our Best Practices and General Loan Forgiveness Guidelines blog outlines key elements for Round 1 and Round 2 PPP loans to help you prepare for the forgiveness application.

It's important to note that the deadline for submitting the forgiveness application is 10 months from the end of your “covered period” (meaning 24 weeks from the date of disbursement). Be aware that unless the loan is forgiven, you may be required to begin making monthly loan payments.  We strongly urge you to submit your forgiveness application as soon as possible to avoid this possibility. 

We have invested in specialized software from Sageworks to streamline the forgiveness process. There are 3 forgiveness applications available: 

  1. Loans $150,000 and less use the SBA 3508s form – which will take only a few minutes to complete and does not require you to upload any supporting documentation on how you spent the funds. 
  2. Loans over $150,000 may qualify for the SBA 3508EZ form – which does require you to provide documentation supporting your use of loan proceeds but does not require the Schedule A form – which is very involved.
  3. Loans over $150,000 that don’t qualify for the SBA 3508EZ form must file the 3508 form that does include the Schedule A.  For detailed information on completing the Schedule A worksheet, please reference our Schedule A Instructions.

To begin the forgiveness process:

  1. Please complete the form to the right. 
  2. Once received, we will send you an email from noreply@sageworks.com which will contain a personalized URL to your PBA Sageworks portal page.
  3. Follow the URL to open the personalized Secure portal page in your web browser.
  4. Create a unique PIN between 6 & 12 characters (be sure to remember this PIN so you can come back to the portal to complete the application or upload documents).
  5. Complete and submit the secure forgiveness application.

Obviously the goal for everyone is to meet the SBA’s conditions for full forgiveness.  We have learned a few things the hard way and want to help you avoid situations that may create problems down the road. We've compiled these lessons learned in this resource: PPP Forgiveness - What we have learned for your benefit.

We understand you will be anxious to learn if your application is complete and qualifies for full forgiveness. Our team will work through applications as quickly as possible, but depending on volume it may take several weeks before we are able to process your application. Once we have completed our review of your forgiveness application and supporting documentation, you will receive a signature request email to eSign your 3508S, 3508EZ, or 3508 form through Adobe Sign. We will then submit your forgiveness request to the SBA for approval. The latest guidance advises that the SBA has 90 days from receiving the bank's recommendation of forgiveness to make a decision; however, we are seeing that the SBA is routinely taking longer than 90 days. Lastly, the SBA requires that you keep your application package for six (6) YEARS.  Please keep all of your information filed in a safe place for future reference.

Let us know if you have any questions. 

Borrower Forgiveness Request Form

Additional PPP Forgiveness Information

Learn more on the forgiveness process

Schedule A Instructions

For borrowers completing the Schedule A worksheet, click below for detailed instructions on how to complete this worksheet. *Schedule A is only needed for loan amounts more than $150,000 and because of payroll changes and/or employee head-count you are not eligible to use the SBA 3508EZ form.