PPP Loan Forgiveness
PPP Loan Forgiveness
Highpoint Community Bank is now accepting PPP Loan Forgiveness Applications for First and Second Draw PPP Loans. To access all updated documentation and information, you may click here to access the SBA’s forgiveness site. Prior to submitting your application, please ensure you are checking your eligibility for each form. These requirements are embedded in each application form for your reference.
For loan amounts of $150,000 or less, the SBA has launched a new way to apply for Forgiveness and we are proud to offer this solution as a service to help you reach full forgiveness. We have pre-staged your completed SBA PPP Forgiveness application within this portal. This application can be completed in less than 5 minutes by clicking the portal link below and following the instructions provided in the Direct Forgiveness Guide also provided below. SBA PPP Direct Forgiveness customer service can be reached by calling 877-552-2692.
Keep in mind while completing your loan forgiveness applications that borrowers may choose to use the original 8-Week Covered Period for loans made before June 5, 2020 or an extended 24-Week Covered Period as authorized by the PPP Flexibility Act. If you need any information pertaining to your loan forgiveness, please feel free to reach out to our lending team by phone at 1(888)422-2280 or by email at firstname.lastname@example.org.
Below are some commonly used forms for PPP Loan Forgiveness. This is also where you will find a PDF version of the Forgiveness Application forms if you are unable to complete your Forgiveness Application through the Direct Forgiveness Portal or have a loan amount that exceeds $150,000.
- Form 3508 – Full Forgiveness Application
- Form 3508EZ – Simplified Version of Full Forgiveness Application
- Form 3508S – Streamlined Application for Loans of $150,000 or Less
- Loan Forgiveness FAQs
- Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act
- How to Calculate Revenue Reduction & Required Documentation