PPP Loan Forgiveness
According to the PPP Loan Forgiveness guidance, all PPP borrowers are required to submit a PPP Loan Forgiveness Application to the U.S. Small Business Administration (SBA). PPP Forgiveness Applications are submitted directly to the SBA and the Bank is responsible for reviewing the application. The final forgiveness determination is made by the SBA.
We are here to help! If you need assistance, please contact your loan officer or contact us at [email protected].
The PPP is a federal relief program created to assist businesses affected by the Covid-19 pandemic, and all participating lenders, including Avidia Bank, must follow program regulations as set by the SBA and U.S. Treasury. The information on this page is provided for your convenience, and all borrowers are responsible for understanding and complying with the latest guidance issued by the SBA and are strongly encouraged to view the latest information provided by the SBA at www.sba.gov/ppp.
Information regarding PPP loan forgiveness found on this page is based on that which has been released by the U.S. Treasury Department and SBA. PPP loan recipients should stay informed of the latest information released by these agencies using the resources below.
U.S. Department of the Treasury
Forgiveness Application Forms & Instructions:
The links to these forms are being provided here for reference only. You will submit your forgiveness application electronically by clicking on the “Apply Now” link provided above.