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
Northrim Bank 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.
From the Treasury, SBA, and more
Resources
Note that some resources listed below will open up tabs to external sources.
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Forgiveness Forms and Program Rules
- PPP Interim Final Rule [PDF] Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act Effective 01/19/2021
- Form 3508 Loan Forgiveness Application For Reference Only
- Form 3508EZ Loan Forgiveness Application For Reference Only
- Form 3508S Loan Forgiveness Application For Reference Only
- Revisions to Loan Forgiveness and Loan Review Procedures IFRs Published 06/26/2020
- Additional Revisions to First IFR Published 06/26/2020
- Additional Eligibility Revisions to First IFR Published 06/26/2020
Other PPP Resources
- Interim Final Rule 1 for PPP
- Application for PPP borrowers For Reference Only
- Treasury Guidance on How to Calculate Loan Amounts
- SBA PPP Resource Page
- Treasury’s PPP Resource Page
- Economic Need Questionnaire (Form 3509) [PDF] This form was obtained by Northrim Bank via the SBA Forgiveness Platform.
- Economic Need Questionnaire (Form 3510) [PDF] This form was obtained by Northrim Bank via the SBA Forgiveness Platform.
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 and Starting Form 3508
LEARN ABOUT HOW TO GET STARTED
S Form
LEARN ABOUT HOW TO FILL OUT THE S FORM
EZ Form
LEARN ABOUT HOW TO FILL OUT THE EZ FORM
Form 3508 Details
LEARN ABOUT FTE REDUCTIONS, SCHEDULE A, NON-PAYROLL – MANUAL INPUT
Calculation Spreadsheet
LEARN ABOUT THE CALCULATION SPREADSHEET
Uploading the Spreadsheet and Completing Form 3508
LEARN ABOUT FINAL STEPS WITH 3508
Still have questions?
Contact Northrim Bank for additional help.