Resources from Bank Rhode Island

PPP Forgiveness Instructions and Application Training

Resources for Application Speed and Accuracy

Maximize Your Paycheck Protection Program Forgiveness Amount

The goal of the Small Business Administration's (SBA) Paycheck Protection Program (PPP) has been to assist owners and employees at small businesses like yours to survive the impacts of the COVID-19 pandemic.

Borrowers can apply for loan forgiveness any time before the maturity date of their loan. However, loan payments are deferred only until 10 months after the last day of the borrower’s loan forgiveness covered period.

Save Time in the Forgiveness Process

Bank Rhode Island has gathered resources on document collection, form submissions, and timelines in order to help you complete your application quickly and accurately. We aim to support the long-term success of your business.

This resource page is based on the latest guidance provided by the SBA and Treasury. This guidance may be updated and we commit to providing changes as released. There may be a short time in which our resources/videos are not updated for new SBA guidance and/or general updates to the software.

Resource Links

  From the Treasury, SBA, and more

Note that some resources listed below will open up tabs to external sources.

Don't have a PDF reader? Access one here.

The SBA is offering help with forgiveness applications through many of their SBA district offices, Small Business Development Centers and SCORE Business Mentor programs. Contact the SBA District Office for your zip code.

PPP Forgiveness Application Guide Videos

The following videos can be used as a helpful guide as you fill out your application in the Abrigo platform. These videos will walk you through accessing your application, filling out your application, inputting the required fields for the forgiveness calculation, and understanding how the calculation is working within the software.

Forgiveness Requirements

Supporting Documentation

Documentation to gather before you begin

 

PPP Software

Accessing the Application

Learn about how to get started

 

Form 3508

Manual Input

Learn about how to fill out schedule A 

 

EZ Form for Forgiveness

Form 3508 EZ

Total Completion

How to Fill it Out

 

Calculation Spreadsheet Videos

Form 3508

Spreadsheet Overview

Explanation of schedule A in the software

 

Step One

Salary and Hourly Wage Reduction

Getting Started

 

Step Two

Salary and Hourly Wage Reduction

Learn about the safe-harbor calculation  

 

Step Three

Salary and Hourly Wage Reduction

Learn about calculating forgiveness for employees

 

Changes in Headcount

FTE Reduction Calculation

Learn about potential reductions in your forgiveness

 

Changes in Headcount

FTE Safe Harbor 2 Calculation

Learn about potential reductions in your forgiveness

 

Final Upload and Submission Videos

Form 3508

Uploading the Spreadsheet

Finishing Schedule A

 

Form 3508

Finishing the Application

And Other Expenses

 
Still have questions? Contact Bank Rhode Island for additional help.