We are now accepting online SBA PPP loan forgiveness applications.
The application process is subject to extension if any new legislative amendments to the forgiveness process necessitate changes to the SBA system.
Before starting the online application, we strongly recommend that you begin by reviewing the below documents and resources: FAQs, Loan Forgiveness Checklist, and view/print the SAMPLE application. Reviewing these resources and gathering the necessary documentation will make the online application process much quicker and easier.
Loan Forgiveness FAQ's
Frequently asked questions regarding PPP loan forgiveness.
Loan Forgiveness Checklist
Please review this checklist prior to applying for PPP Loan Forgiveness online to ensure you have all documents necessary.
SAMPLE previews of the PPP Loan Forgiveness Applications; by reviewing these applications, you will have a good understanding of what questions will be asked during the online application process. Please use these applications as worksheets only; DO NOT submit these forms to the bank.
Sample EZ Application
Sample Standard Application
Loan Forgiveness Application
If you are unable to access the application,
please contact your banker or call 1.877.226.4671 for more information.
Key aspects of the program:
- Funding for loan forgiveness is fully reserved;
- Interest on the PPP loan is also forgivable;
- Customers have up to 10 months after their covered period ends to apply for loan forgiveness; the PPP loan will remain deferred during this time.
The Paycheck Protection Program (PPP) is governed by the Small Business Administration (SBA), including guidelines and use of funds and is subject to change. Bangor Savings Bank and its representatives are unable to provide legal or tax advice, please consult an appropriate advisor regarding any legal or tax consequences related to a PPP loan. Additional information about the SBA’s PPP program is available at their website at www.sba.gov.