Updated January 22, 2021: The SBA released new PPP Loan Forgiveness guidance which requires us to make modifications to our online portal. During this time, customers will not be able to access the PPP Loan Forgiveness section of our portal. Please use this time to review the new application forms and instructions below. Borrowers will be notified by email when they can log in to complete their PPP Loan Forgiveness Application.
Key points regarding PPP loan eligibility, features and terms.Get details on the Requirements Overview
Gather the recommended documentation to prepare for your application.Get details on the Application Checklist
Learn how to calculate maximum loan amounts for First Draw PPP loans and what documentation to provide — by business type.Get details about First Draw SBA Guide
Learn how to calculate revenue reduction and maximum loan amounts including what documentation to provide.Get details about Second Draw Guide
Detail of PPP Interim Final Rule #1, as amended by the Economic Aid Act.Get details about the PPP Amendment
Detail of PPP Interim Final Rule #2, for Second Draw Loans created by the Economic Aid Act.Get details about PPP Second Draw Loans
In addition to PPP, learn more about Disaster Assistance options directly through the SBA.Get details on SBA Disaster Loans
Frequently asked questions answered by the SBA and U.S. Department of Treasury.Get details on the Treasury Department FAQs
Review business size and industry NAICS code standards that qualify a business for SBA programs.Get details on SBA Business Size Standards
In order to apply for PPP loan forgiveness, you must apply with the bank or financial organization that assisted with your PPP loan no later than 10 months after the end of your covered period. If your business received a PPP loan through Commerce Bank, you will be notified when you may initiate a digital application for loan forgiveness.
Even though the Small Business Administration (SBA) opened their PPP forgiveness portal on August 10th, there are additional points to consider regarding the timing of submitting applications:
To prepare for loan forgiveness, please view our additional resources to help you through the application process.
The information displayed on this page is based on guidance released by the SBA on 1/19/21 and is subject to change. We continue to modify our online application portal to accommodate the latest changes and you will be notified by email when we are ready to accept your Forgiveness application.
Get prepared for your PPP Loan Forgiveness application with Commerce Bank.Get details about the PPP Loan Forgiveness Application
This form is to be used by Commerce Bank’s PPP borrowers who meet certain criteria.Get details about the PPP EZ Loan Forgiveness Application
This form may be used by Commerce Bank’s PPP borrowers who received a PPP loan of $150,000 or less.Get details on the PPP 3508S Loan Forgiveness Application