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SBA Paycheck Protection Program

Forgiveness program guidance and application

Preparing to apply for SBA PPP Forgiveness

OnPoint Community Credit Union is now accepting forgiveness applications for our business members who received a Paycheck Protection Program (PPP) loan. In the video below, we’ll introduce you to the forgiveness application process with OnPoint. In order to provide the best possible outcome for loan forgiveness, please be sure to watch the video and then follow each step of our forgiveness process.

How we're helping you maximize your loan forgiveness

OnPoint has formed a partnership with the Oregon-based certified public accounting firm of Holmes & Company P.C. to ensure OnPoint and our members meet the complex requirements and maximize your PPP loan forgiveness.

William Holmes, the firm’s managing shareholder, provided PPP consulting services and numerous educational webinars to a wide range of users including other CPAs.

Holmes & Company logo

Getting Started
Please follow the steps outlined below.

Step 1: Watch the forgiveness process video applicable to your business.

For businesses without employees or with owner-employees only, please be sure to watch the video below.

  • Businesses with
    Only Owner-Employees

    PPP Forgiveness Program Rules & Guidelines

For businesses with non-owner employees, please be sure to watch the following video, which provides an overview of the forgiveness process.

  • Businesses with
    Non-Owner Employees

    PPP Forgiveness Program Rules & Guidelines

After watching the overview video above, please select and watch the video pertaining to your business entity type below (which provides more specific details related to your business entity).

  • Businesses with
    Non-Owner Employees


  • Businesses with
    Non-Owner Employees


  • Businesses with
    Non-Owner Employees

    Self-Employed (Form 1040 Schedules C/E/F)

Step 2: Review the instructional slides as a resource while you complete these steps.

close up of hands of business person computing report results for company

Step 3
Download and complete the Forgiveness VerifierTM.

The Forgiveness VerifierTM is a required step for all borrowers. This helps you meet the complex requirements and maximize your PPP loan forgiveness prior to submitting your application to the SBA.

download for Borrowers With
Only Owner Employees
download for Borrowers With
Non-Owner Employees
Holmes & Company logo

Step 4
Upload your completed Forgiveness VerifierTM.

You will receive an email from Holmes & Company ([email protected]) that includes a link to upload your completed Forgiveness VerifierTM using the Kiteworks secure file transfer site. You do not need to upload any other documents during this step. If you don’t receive this email, be sure to check your spam folder.

Young man calculating and submitting application online

Step 5
Complete your online SBA Forgiveness application.

Once the Forgiveness VerifierTM has been reviewed by Holmes & Company P.C., you will receive an email invitation from [email protected] to complete the online forgiveness application and upload additional supporting documents that will be submitted to the SBA. If you don’t receive this email, be sure to check your spam folder.

SBA PPP Forgiveness FAQs

Important: Did you receive an Economic Injury Disaster Loan?

If you received an Economic Injury Disaster Loan (EIDL) and also received a PPP loan, the SBA will deduct the amount of your EIDL advance from your forgiveness amount. Please review the following questions for additional information. You can also find the latest updates on the SBA PPP webpage.

If a borrower received an EIDL advance, SBA is required to reduce the borrower’s loan forgiveness amount by the amount of the EIDL advance. SBA will deduct the amount of the EIDL advance from the forgiveness amount. OnPoint will be able to confirm the amount of the EIDL advance that will be automatically deducted by SBA from the forgiveness payment by reviewing the EIDL advance information provided by the borrower in their PPP application.

If a PPP loan is not forgiven in full (including if there has been a reduction in the forgiveness amount for an EIDL advance), any remaining balance due on the PPP loan must be repaid by the borrower. OnPoint will notify the borrower of the loan forgiveness amount remitted by SBA and the date on which the borrower’s first loan payment is due. The borrower must repay the remaining loan balance by the maturity date of the PPP loan (either two or five years). If a borrower is determined to have been ineligible for a PPP loan for any reason, SBA may seek repayment of the outstanding PPP loan balance or pursue other available remedies.

A borrower who received an EIDL advance in excess of the amount of their PPP loan will not receive any forgiveness on the PPP loan, because the amount of an EIDL advance is deducted from the PPP loan forgiveness amount.

We are confident that following these steps and using these tools will help to maximize your forgiveness. If you have any questions after watching the forgiveness process video and the instruction slides, you may contact [email protected].

Note: Email should not be used to share important or sensitive information.

The security and privacy of your information is important to us. When communicating with us via email please do not send any information that is considered confidential or sensitive in nature. If you need to communicate any personal information (account numbers, social security number, etc.) please feel free to call the number listed in my profile or contact OnPoint Member Services at 503.228.7077 or 800.527.3932.

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