SBA Paycheck Protection Program

Supporting our business members with PPP loan forgiveness guidance.

The Small Business Administration (SBA) Paycheck Protection Program (PPP) ended on May 31, 2021. OnPoint continues to process eligible loans for PPP loan forgiveness.

Preparing for Forgiveness.

We will continue to provide the most recent information around SBA PPP guidelines, including instructions and support materials to help guide you through the forgiveness process. For the most up-to-date information, please visit the SBA Paycheck Protection Program website or the U.S. Treasury Paycheck Protection Program website.

Please note: PPP loan guidelines are set by the SBA – financial institutions (including OnPoint) are unable to make any exceptions to the rules governed by the SBA.

Round 1 SBA PPP Forgiveness

While legislation provided additional funding for new SBA PPP loans, OnPoint continues to proceed with all existing forgiveness applications. Borrowers that already received an SBA PPP loan should have received an email with a link to the forgiveness application.

The forgiveness application process includes adjustments to recent SBA guideline changes, which allow for submitting the 3508s (loan forgiveness application form) in cases where loan amounts are $50,000 or less. Recent guidance from the SBA states it allows up to 10 months from the end of the 24 week forgiveness period before a borrower’s forgiveness application and first interest payment would be due.

Below are frequently asked questions (FAQs) to help our borrowers with the forgiveness process and answer some of the most common questions.

Read more View Round 1 PPP Forgiveness FAQs

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.

You are leaving OnPoint Community Credit Union.

The website you are about to visit is the responsibility of the party providing the site. Any transactions you enter into through this third-party site are solely between you and that vendor, merchant or other party. OnPoint’s Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of this site.

Cancel Accept