PPP Forgiveness

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Apply for Loan Forgiveness

Update as of 5/6/2021: To apply for PPP loan forgiveness, please read the guidance and instructions below. We are no longer accepting new PPP loan applications.

If the application is not submitted within 10 months following the last day of the loan forgiveness covered period, payments are no longer deferred and loan repayment will begin.

For example: a borrower whose covered period ends on October 30, 2020 has until August 30, 2021 to apply for forgiveness before loan repayment begins.

Questions? Please reach out to the Workers representative that helped you apply for your PPP loan.

Resources

For your convenience, we’ve compiled the following resources directly from the U.S. Department of the Treasury and will update as needed.

To view all PPP rules, visit the:  U.S. Department of the Treasury website.

PPP At a Glance

  • 60% of loan proceeds must be used for payroll, 40% for other eligible expenses
  • Spend period extends 8–24 weeks from either date of loan receipt OR from the first day of the next payroll cycle after loan receipt
  • Forgiveness is not guaranteed

 

Apply for Forgiveness