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PPP Forgiveness Information and Resources
Compeer Financial is accepting PPP forgiveness applications for loans originated during 2020*. Clients should have received an email with a unique link to the SBA Digital Forgiveness Application. If you have not received your forgiveness application link, please email [email protected].
*Clients with loans originated during 2021 will receive links to forgiveness applications no sooner than eight weeks after fund disbursal.
Keep in mind, you must use all the proceeds from your PPP loan (including any increased amounts) before you can apply for forgiveness. If you pursued a recalculation on your first draw PPP loan, please verify that the loan amount in your forgiveness application is correct and do not submit your forgiveness application to Compeer until you have spent additional funds from a recalculation on eligible expenses. Doing so could put your recalculation in jeopardy.
Please use the Steps to Complete Digital Forgiveness Applications to prepare required documentation and for assistance as you work through your forgiveness request. Compeer has also made the following Training Videos and SBA Resources available for reference.
Additionally, the Treasury and SBA have created resources for borrowers. The following information should be of help to you as you plan what expenses to pay with the PPP loan proceeds and any other actions you need to take to maximize your loan forgiveness. Please carefully read the following documents and guidance:
SBA Application and Instructions for Forgiveness (SBA 3508S)
SBA Application and Instructions for Forgiveness (SBA 3508EZ)
SBA Application and Instructions for Forgiveness (SBA 3508)
Questions about PPP loan forgiveness? Please contact [email protected]