SBA Paycheck Protection Program
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.
Read more View Round 1 PPP Forgiveness FAQsAdditional resources.
SBA Paycheck Protection Program Overview
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
SBA Coronavirus Relief Options
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
CARES Act – Assistance for Small Businesses
https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses