Payment Protection Program (PPP): Loan Forgiveness

We're committed to bringing you the latest information on the SBA's PPP and how it could impact you.

Marl, Affinity Plus Member

Program Requirements

Covered Period

Your covered period begins on the date the loan was disbursed, and ends 8–24 weeks later on a date you choose.

You must spend money you received from the loan within your covered period, or you won’t be eligible for full loan forgiveness.

Eligible Expenses

  • Payroll must be at least 60% (unless you’re self-employed) or you won't be eligible for full loan forgiveness
  • Health and safety requirements such as personal protective equipment (PPE), health screenings, installation of barriers or expansion of outdoor dining
  • Mortgage interest
  • Necessary supplier costs
  • Property damage related to civil unrest
  • Rental or lease expense
  • Revenue replacement (only if you’re self employed)
  • Software expense
  • Utilities

How it works

When to request loan forgiveness

You have until your loan maturity date to request forgiveness. But you can request forgiveness earlier – as soon as your covered period ends (8–24 weeks after the date of loan disbursement).

For self-employed individuals, you’re able to have 100% of your loan forgiven after 11 weeks into your covered period; any earlier and you are at risk of not having the full loan amount forgiven.

What you’ll need

  • Company-prepared payroll statement (supported by cancelled checks, bank statements or third-party payroll service provider reports) documenting the amount of cash compensation paid to employees
  • Tax forms including payroll tax filings and state quarterly business and individual employee wage reporting and unemployment insurance tax filings
  • Payment receipts, cancelled checks, or account statements documenting the amount of any employer contributions to employee group health, life, disability, vision or dental insurance and retirement plans

You'll provide all required documentation on the forgiveness application site. You’ll also need your SBA PPP Loan Number, which is provided at the top of your loan promissory note.

How to request loan forgiveness

You’ll receive an email from us at the end of your initial covered period inviting you to begin the loan forgiveness process. The email will include a link to our partner Wolters Kluwer to obtain access to your personal forgiveness site.

You’ll need to request Forgiveness separately for each PPP loan that you have.

1st & 2nd Round PPP Loan Recipients:
You can start your PPP Forgiveness request on our partner's website.

Start your PPP Forgiveness Request

What to expect after you apply

After you submit your forgiveness request, we'll get back to you within 5 business days.

You may be forgiven for all, some or none of your loan. You must repay any principal and accrued interest amount of the unforgiven portion of your loan.

If you submit a forgiveness request within 10 months after the end of the covered period, you won’t need to make a payment until after the SBA remits a forgiveness payment, if any, or decides that you aren’t eligible for forgiveness.

Still have questions?

If you still have questions or concerns, please feel free to contact us. You can also check out the SBA PPP Loan Forgiveness page for additional information about the forgiveness process, the application, and any program updates that may be relevant to you.


* This page is meant to serve as a helpful guide to our business members. But please note that our statements are suggestions, and you should consider your unique situation and business needs before applying for anything, This summary is not a substitute for legal, tax, or employment advice or guidance. Also, due to the rapidly evolving nature of the COVID-19 crisis and its economic impact, the federal, state and local resources listed on this page may not always be entirely accurate. We’ll keep it as updated as possible, but please go directly to the federal, state and local sources to confirm the latest information.