PPP FORGIVENESS APPLICATIONS NOW AVAILABLE

Please be advised that if you received a PPP loan, you still need to take action in order to obtain forgiveness of your loan balance.  In order to obtain loan forgiveness, the SBA requires each borrower to submit an application for forgiveness of all, or a portion of, the loan with the SBA.  Please note that the SBA has advised that it will take them between 2-3 months to process your application, and therefore, we are highly encouraging you to submit your PPP Forgiveness Application as soon as possible.  VISIONBank is actively submitting PPP Forgiveness Applications to the SBA for our clients right now.

Applications are available on our website below.

If you are having any problems completing your forgiveness application,  we recommend that you work with your accountant or tax professional to ensure that the application is completed correctly and to ensure that the appropriate supplemental information, which is required by the SBA, is included with the application.

To submit your application, please submit the following:

  A complete application

      Supporting documentation

Application and documentation requirements subject to change by the SBA.

Your application will be processed once ALL documentation is submitted in its entirety.

If you have any questions, please email COVID@visionbanks.com

In order to have your forgiveness application processed more quickly, please make sure to do the following:

  • Covered Period – This must be either 8 weeks or 24 weeks on the forgiveness application.
    • Applications can still be submitted prior to the end of the covered period; however, the covered period listed on the application form MUST be for an 8 or 24 week period, exactly. 
  • Sole Proprietors / Independent Contractors – Sole Proprietors (who file on Schedule C or F) or Independent Contractors should use the 24 week covered period to ensure full forgiveness.  Sole proprietors should not include rent, mortgage interest, utilities, etc. in the forgiveness calculation.
  • Supporting Documents – You will need to submit any and all supporting documents for items that are included in the forgiveness calculation – Payroll reports, copies of paychecks, copies of rent checks, mortgage statement, utility bills, etc.

Click here to submit!

Click the link to continue or the X to cancel

Submit Forgiveness Application

3508S PPP Forgiveness Application
(For Loans under 150k)

3508EZ PPP Forgiveness Application

3508 PPP Forgiveness Application

IMPORTANT - MUST READ

Your SBA PPP Loan must be under $150,000 to utilize this application.

You will be redirected to the link below

3508S-PPP-Loan-Forgiveness-Application.pdf

Click the link to continue or the X to cancel

Application

Instructions

IMPORTANT - MUST READ

This application applies to borrowers who had loans of $150,000 or more and meet any one of these two criteria:

*Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number of hours of their employees (excepting laid-off employees who refused an offer to return).

*Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.

You will be redirected to the link below

3508EZ-PPP-Loan-Forgiveness-Application.pdf

Click the link to continue or the X to cancel

Application

Instructions
Application

Instructions