Our PPP customers will receive an email inviting them to apply for forgiveness of their PPP loan(s). If you are a PPP loan customer, now there are TWO OPTIONS for you to apply for forgiveness.īank of Stockton, in partnership with Sageworks, has an online portal that allows our PPP customers to securely submit information and documentation for loan forgiveness. Loan forgiveness cannot start until the business has exhausted all of their PPP money. SBA PPP Loan Forgiveness Options for PPP Loans Originated in 2021 (Including the New SBA Direct Forgiveness Portal)īusinesses that have received PPP loans have between 8 and 24 weeks to utilize these funds.
