PPP Second Draw Application Guide

If you have previously received a Paycheck Protection Program (PPP) loan, please use the information below to prepare your PPP Second Draw Loan request to be submitted through the Cape Cod 5 PPP Loan Portal. This application guide is based upon the Interim Final Rule of Paycheck Protection Program as Amended by Economic Aid Act (1/6/2021) and Interim Final Rule on Second Draw Loan (1/6/2021) which govern the borrower’s obligations. This document is intended to be a guide for businesses and does not supersede borrower’s obligations under the Interim Final Rules, guidance or law governing the Paycheck Protection Program.

 
The PPP is a federal relief program created to assist small and medium-sized businesses affected by the Covid-19 pandemic, and all participating lenders, including Cape Cod 5, must follow program regulations as set by the SBA and U.S. Treasury. The information on this page is provided for your convenience, and all borrowers are responsible for understanding and complying with guidance issued by the SBA. The SBA has noted that the last day to apply for a PPP loan is March 31, 2021 (Cape Cod 5’s deadline may be earlier to allow for processing) and approval depends on availability of funding. Full program rules can be viewed at www.sba.gov/ppp.  
Loan Eligibility
A borrower is generally eligible for a Second Draw PPP Loan if the borrower: 
  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. 
  • and, Certifies that the current economic uncertainty makes the loan request necessary to support ongoing operations.
Loan Amount and Terms
  • Borrowers are generally eligible to request a loan amount of 2.5x average monthly 2019 or 2020 payroll costs. 
  • Borrowers in the Accommodation and Food Services sector (NAICS code beginning with 72) can request a loan amount of 3.5x monthly average payroll cost.
  • The maximum amount for Second Draw PPP loans is $2 million. 
  • PPP loans have an interest rate of 1% and a maturity of 5 years. 
  • Loan payments are deferred for 10 months after the end of the borrower’s covered 24-week period.
  • Loans must be used for authorized purposes, including payroll (at least 60%) and certain operating costs.
Loan Forgiveness
PPP Second Draw loans are eligible for forgiveness from the SBA, providing the loan funds are used for authorized purposes and employee and compensation levels are maintained within program rules. Authorized uses of loan proceeds during the covered period (which can be up to 24 weeks) include payroll costs (at least 60% of the loan amount), and certain other expenses (up to 40% of the loan amount).
Required Documents
To complete your application, you will need to upload the following documentation in the Loan Portal as part of your loan application. Please note that each attachment must be under 35 megabytes in size. Valid file types include: pdf, xls, xlsx, csv, doc, docx, jpg, jpeg, png.
Identification (all applications): Primary identification document for the authorized signer of the loan (including driver’s license, state issued ID or passport). 
Articles of Organization (business entities including non-profits): Documentation filed with the Massachusetts Secretary of State demonstrating entity is registered and in good standing. Important note: A screenshot of the entity’s listing from the Secretary of State’s website is acceptable for this item.  
Business License (business entities including non-profits): Upload of a business license is not required for the application process. You will see this listed under documents and you are not required to upload anything.
Nonprofits: Nonprofits must submit a board resolution authorizing loan and noting who is authorized to sign the loan documents. This may be uploaded under the “Other category.”
Tax and Payroll (all applications): Please see Calculating Average Monthly payroll below for the required documentation.  
Revenue Reduction: Please see Determination of Revenue Reduction of at least 25% below for the required documentation (note loans under $150,000 do not need to provide documentation at time of application but will need to provide the documentation for loan forgiveness). 
Determination of Revenue Reduction of At Least 25%
Please see below for information on how to calculate:
  • “Period 1 Revenue” in Section 3 of loan application represents the 2019 “reference quarter”. “Period 2 Revenue” represents the 2020 quarter where the applicant experienced a 25% reduction in revenue over the reference quarter.  
  • Entities in Operation for all of 2019:  Applicants must demonstrate that gross receipts in any quarter of 2020 (Period 2 Revenue) were at least 25% lower than the same quarter of 2019 (Period 1 Revenue). Alternatively, applicants may compare annual gross receipts in 2020 (Period 2 Revenue) with annual gross receipts in 2019 (Period 1 Revenue). Applicants choosing to use annual gross receipts must submit copies of annual tax forms substantiating the annual gross receipts reduction. 
  • For entities not in business during the first and second quarters of 2019 but in operation during the third and fourth quarters of 2019: Applicants must demonstrate that gross receipts in any quarter of 2020 (Period 2 Revenue) were at least 25% lower than either the third or fourth quarters of 2019 (“Period 1 Revenue”). 
  • For entities not in business during the first, second, and third quarters of 2019 but in operation during the fourth quarter of 2019: Applicants must demonstrate that gross receipts in any quarter of 2020 (Period 2 Revenue) were at least 25% lower than the fourth quarter of 2019 (Period 1 Revenue). 
  • For entities not in business during 2019 but in operation on February 15, 2020: Applicants must demonstrate that gross receipts in the second, third, or fourth quarter of 2020 (Period 2 Revenue) were at least 25% lower than the first quarter of 2020 (Period 1 Revenue).
  • Gross receipts includes all revenue in whatever form received or accrued (in accordance with the entity’s accounting method) from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances. Generally, receipts are considered “total income” (or in the case of a sole proprietorship “gross income”) plus “cost of goods sold” and excludes net capital gains or losses as these terms are defined and reported on IRS tax return forms. 
  • Gross receipts do not include the following: taxes collected for and remitted to a taxing authority if included in gross or total income, such as sales or other taxes collected from customers and excluding taxes levied on the concern or its employees; proceeds from transactions between a concern and its domestic or foreign affiliates; and amounts collected for another by a travel agent, real estate agent, advertising agent, conference management service provider, freight forwarder or customs broker. All other items, such as subcontractor costs, reimbursements for purchases a contractor makes at a customer's request, investment income, and employee-based costs such as payroll taxes, may not be excluded from gross receipts. Gross receipts of a borrower must be aggregated with gross receipts of its affiliates. For a nonprofit organization, veterans organization, nonprofit news organization, 501(c)(6) organization, and destination marketing organization, gross receipts has the meaning in section 6033 of the Internal Revenue Code of 1986.
Calculating Average Monthly Payroll and Required Tax & Payroll Documentation
  • To calculate average monthly payroll costs, businesses may use either the Calendar Year 2019 or 2020. Additionally, if not a self-employed individual, sole proprietorship, or an independent contractor, businesses may choose to use the precise preceding 12-month period to calculate payroll costs.
  • Independent contractors do not count as employees for purposes of a borrower’s PPP loan calculation as independent contractors are able to apply for their own PPP loan.
  • Seasonal Businesses: A seasonal employer (an employer that does not operate for more than 7 months in any calendar year or that during the preceding calendar year, had gross receipts for any 6 months of that year that were not more than 33.33 percent of the gross receipts of the employer for the other 6 months of that year) must determine its maximum loan amount by using the employer’s average total monthly payments for payroll for any 12-week period selected by the seasonal employer beginning February 15, 2019, and ending February 15, 2020.
  • The below calculation will be entered in the Loan Information Tab, Section III of the Loan Portal. The Loan Portal will apply the 2.5x or 3.5x calculation for the loan amount as determined by borrower eligibility. The required documentation to support the calculation can be found under required documentation.

     
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation

    Sole Proprietors or Self- Employed/No Employees

     

    (Schedule C Filer)

    Step 1: Find your 2019 or 2020 IRS Form 1040 Schedule C line 31 net profit amount. If this amount is over $100,000, reduce it to $100,000. If this amount is zero or less, you are not eligible for a PPP loan.

    Step 2: Calculate the average monthly net profit amount (divide the amount from Step 1 by 12) and enter as “Monthly Average Payroll” within Section 3 of application.  
     

    • 2019 or 2020 IRS Form 1040 Schedule C
    • 2019 or 2020 IRS Form 1099-
    • Misc. detailing non-employee compensation received (box 7), invoice, bank statement, or book of record establishing you are self-employed.
    • 2020 invoice, bank statement, or book of record establishing you were in operation on February 15, 2020
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation

    Sole Proprietors or Self- Employed/With Employees

     

    (Schedule C Filer)

    Step 1: Compute 2019 or 2020 payroll (using the same year for all items) by adding the following:

    a. Your 2019 or 2020 Form 1040 Schedule C line 31 net profit amount (if you are using 2020 and have not yet filed a 2020 return, fill it out and compute the value), if this amount is over $100,000 reduce it to $100,000, if this amount is less than zero, set this amount at zero;

    b. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States computed using 2019 or 2020 IRS Form 941 Taxable Medicare wages & tips (line 5c- column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages & tips; subtract any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the US; and

    c. 2019 or 2020 employer contributions to employee group health, life, disability, vision and dental insurance (portion of IRS Form 1040 Schedule C line 14 attributable to those contributions);

    d. 2019 or 2020 retirement contributions (Form 1040 Schedule C line 19), and

    e. 2019 or 2020 state and local taxes assessed on employee compensation (primarily under state laws commonly referred to as the State Unemployment Tax Act or SUTA from state quarterly wage reporting forms).

    Step 2: Calculate the average monthly amount (divide the amount from Step 1 by 12) and enter as “Monthly Average Payroll” within Section 3 of application.

    • 2019 or 2020 IRS Form 1040 Schedule C
    • 2019 or 2020 IRS Form 941*
    • State quarterly wage unemployment insurance tax reporting form from each quarter in 2019 or 2020 (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • If applicable, documentation of any retirement or health insurance contributions**
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date. 


     
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation

    Farmers and Ranchers/No Employees

     

    (Schedule C Filer)

    Step 1: Find your 2019 or 2020 IRS Form 1040 Schedule F line 9 gross income. If this amount is over $100,000, reduce it to $100,000. If this amount is zero or less, you are not eligible for a PPP loan.

    Step 2: Divide the amount from Step 1 by 12 and enter amount as “Monthly Average Payroll” within Section 3 of application.
     

    • 2019 or 2020 IRS Form 1040 Schedule 1 and Schedule F
    • 2019 or 2020 IRS Form 1099-
    • MISC detailing non-employee compensation received (box 7), invoice, bank statement, or book of record establishing you are self employed.
    • 2020 invoice, bank statement, or book of record establishing you were in operation on February 15, 2020
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Farmers and Ranchers/With Employees

    Step 1: Compute 2019 or 2020 payroll (using the same year for all items) by adding the following:

    a. The difference between your 2019 or 2020 Form 1040 Schedule F line 9 gross income amount, and the sum of Schedule F lines 15, 22, 23, and 37, if this amount is over $100,000 reduce it to $100,000, if this amount is less than zero, set this amount at zero;

    Note: Any employee payroll costs should be subtracted from the farmer’s or rancher’s gross income to avoid double counting amounts that represent pay to the employees of the farmer or rancher

    b. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States computed using 2019 or 2020 IRS Form 941 Taxable Medicare wages & tips (line 5c- column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages & tips; subtract any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the United States; and

    c. 2019 or 2020 employer contributions for employee group health, life, disability, vision and dental insurance (portion of IRS Form 1040 Schedule F line 15 attributable to those contributions), employer contributions for employee retirement contributions (Form 1040 Schedule F line 15), and state and local taxes assessed on employers for employee compensation (primarily under state laws commonly referred to as the State Unemployment Tax Act or SUTA from state quarterly wage reporting forms).

    Step 2: Calculate the average monthly amount (divide the amount from Step 1 by 12) enter as “Monthly Average Payroll” within Section 3 of application

     

    • 2019 or 2020 IRS Form 1040 Schedule 1 and Schedule F
    • 2019 or 2020 IRS Form 941*
    • State quarterly wage unemployment insurance tax reporting form from each quarter in 2019 or 2020 (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • If applicable, documentation of any retirement or health insurance contributions*
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Partnerships/With Employees

    Step 1: Compute 2019 or 2020 payroll (using the same year for all items) by adding

    a. net earnings from self-employment of individual general partners in 2019 or 2020, as reported on IRS Form 1065 K-1, reduced by section 179 expense deduction claimed, unreimbursed partnership expenses claimed, and depletion claimed on oil and gas properties, multiplied by 0.9235, that is not more than $100,000 per partner;

    b. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States, if any, which can be computed using 2019 or 2020 IRS Form 941 Taxable Medicare wages and tips (line 5c- column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages and tips, subtracting any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the U.S;

    c. 2019 or 2020 employer contributions for employee (but not partner) group health, life, disability, vision and dental insurance, if any (portion of IRS Form 1065 line 19 attributable to those contributions);

    d. 2019 or 2020 employer contributions to employee (but not partner) retirement plans, if any (IRS Form 1065 line 18); and

    e. 2019 or 2020 employer state and local taxes assessed on employee compensation, primarily state unemployment insurance tax (from state quarterly wage reporting forms), if any

    • 2019 IRS Form 1065 (including K- 1s)
    • 2019 IRS Form 941* and state quarterly wage unemployment insurance tax reporting form from each quarter (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • If applicable, documentation of any retirement or health insurance contributions*
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Partnerships/Without Employees

    Step 1: Find net earnings from self-employment of individual general partners in 2019 or 2020, as reported on IRS Form 1065 K-1, reduced by section 179 expense deduction claimed, unreimbursed partnership expenses claimed, and depletion claimed on oil and gas properties, multiplied by 0.9235, that is not more than $100,000 per partner;

    Step 2: Calculate the average monthly net profit amount (divide the amount from Step 1 by 12) and enter as “Monthly Average Payroll” within Section 3 of application. 
     

    • 2019 or 2020 IRS Form 106 (including K-1s)
    • 2020 invoice, bank statement, or book of record establishing the partnership was in operation on February 15, 2020
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    S and C Corporation 

    Step 1: Compute 2019 or 2020 (using the same year for all items) payroll costs by adding the following:

    a. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States, which can be computed using 2019 IRS Form 941 Taxable Medicare wages & tips (line 5c-column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages & tips, subtracting any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the U.S;

    b. 2019 or 2020 employer health insurance contributions (portion of IRS Form 1120 line 24 or IRS Form 1120-S line 18 attributable to health insurance);

    c. 2019 or 2020 employer retirement contributions (IRS Form 1120 line 23 or IRS Form 1120-S line 17); and

    d. 2019 or 2020 employer state and local taxes assessed on employee compensation, primarily state unemployment insurance tax (from state quarterly wage reporting forms).

    Step 2: Calculate the average monthly payroll costs (divide the amount from Step 1 by 12) and enter as “Monthly Average Payroll” within Section 3 of application. 

    • 2019 or 2020 IRS Form 941* and state quarterly wage unemployment insurance tax reporting form from each quarter (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • 2019 or 2020 Filed business tax returns (IRS Form 1120 or IRS Form 1120-S)
    • If applicable, documentation of any retirement or health insurance contributions**
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Eligible Non-Profit Organizations

    Step 1: Compute 2019 or 2020 (using the same year for all items) payroll costs by adding the following:

    a. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States, which can be computed using 2019 IRS Form 941 Taxable Medicare wages & tips (line 5c-column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages & tips, subtracting any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the U.S;

    b. 2019 or 2020 employer health insurance contributions (portion of IRS Form 990 Part IX line 9 attributable to health insurance);

    c. 2019 or 2020 employer retirement contributions (IRS Form 990 Part IX line 8); and

    d. 2019 or 2020 employer state and local taxes assessed on employee compensation, primarily state unemployment insurance tax (from state quarterly wage reporting forms).

    Step 2: Calculate the average monthly payroll costs (divide the amount from Step 1 by 12) and enter as “Monthly Average Payroll” within Section 3 of application. 

    • 2019 or 2020 IRS Form 941* and state quarterly wage unemployment insurance tax reporting form from each quarter (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • 2019 or 2020 IRS Form 990 IX
    • If applicable, documentation of any retirement or health insurance contributions**
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Eligible Religious Institutions, Veterans Organizations, and Tribal Businesses Step 1: Compute 2019 or 2020 (using the same year for all items) payroll costs by adding the following:

    a. 2019 or 2020 gross wages and tips paid to your employees whose principal place of residence is in the United States, which can be computed using 2019 IRS Form 941 Taxable Medicare wages & tips (line 5c-column 1) from each quarter plus any pre-tax employee contributions for health insurance or other fringe benefits excluded from Taxable Medicare wages & tips, subtracting any amounts paid to any individual employee in excess of $100,000 and any amounts paid to any employee whose principal place of residence is outside the U.S;

    b. 2019 or 2020 employer health insurance contributions;

    c. 2019 or 2020 employer retirement contributions and

    d. 2019 or 2020 employer state and local taxes assessed on employee compensation, primarily state unemployment insurance tax (from state quarterly wage reporting forms).

    Step 2: Calculate the average monthly payroll costs (divide the amount from Step 1 by 12).
     
    • 2019 or 2020 IRS Form 941* and state quarterly wage unemployment insurance tax reporting form from each quarter (or equivalent payroll processor records or IRS Wage and Tax Statements)
    • If applicable, documentation of any retirement or health insurance contributions**
    • A payroll statement or similar documentation from the pay period that covered February 15, 2020 must be provided to establish you were in operation and had employees on that date
    Business Type
    How to Calculate Average Monthly
    Eligible Payroll
    Required Documentation
    Limited Liability Companies (LLCs) Follow the instructions that apply to your tax filing situation, for example, filing as a sole proprietor, partnership or corporation
    • Documents that apply to your tax filing situation, for example, filing as a sole proprietor, partnership or corporation

     

Additional Information

Seasonal Employer A seasonal employer (an employer that does not operate for more than 7 months in any calendar year or that during the preceding calendar year, had gross receipts for any 6 months of that year that were not more than 33.33 percent of the gross receipts of the employer for the other 6 months of that year) must determine its maximum loan amount by using the employer’s average total monthly payments for payroll for any 12-week period selected by the seasonal employer beginning February 15, 2019, and ending February 15, 2020.
Fishing Boat Owner A fishing boat owner may include compensation reported on Box 5 of IRS Form 1099-MISC and paid to a crewmember described in section 3121(b)(20) of the Code, up to $100,000 on an annualized basis, as prorated for the period during which the payments are made or the obligation to make the payments is incurred, as a payroll cost in its PPP loan application.
New Business - Second Draw Loans For new businesses without 12 months of payroll costs but that were in operation on February 15, 2020, average monthly payroll may be calculated based on the number of months in which payroll costs were incurred, excluding costs over $100,000 on an annualized basis for each employee, as prorated for the period during which the payments are made or the obligation to make the payments is incurred, for each employee. 
Eligibility of 501(c)(6) Entities These entities are eligible if (1) the organization does not receive more than 15% of its receipt from lobbying activities; (2) the lobbying activities of the organization do not comprise more than 15% of the total activities of the organization; (3) the cost of lobbying activities of the organization did not exceed $1.0 million during the most recent tax year of the organization that ended prior to 2/15/20 and (4) the organization employs not more than 300 people.

 

*IRS Form W-2s and IRS Form W-3 or payroll processor reports, including quarterly and annual tax returns, can be used in place of IRS Form 941. Very small businesses that file an annual IRS Form 944 instead of quarterly IRS Form 941 should provide IRS Form 944.

**Records from a retirement administrator can be used to document employer retirement contributions while records from a health insurance company or third-party administrator for a self-insured plan can document employer health insurance contributions.
Application and Loan Closing Process
After you submit your PPP application in the Cape Cod 5 digital loan portal, there are several steps to the loan review process, which may take anywhere from several business days to over a week.  Please monitor your email closely for automated portal notifications and emails from DocuSign containing important documents to be signed electronically.
After you submit your application, the following steps will occur:
  1. We will review your entire application to make sure your submission is complete and you have included all the appropriate documents. If there are any discrepancies or we need additional information, we will send you an email or call you with instructions.
  2. Once the application has been reviewed and found to have correct information, we will automatically create the SBA Form 2483 (PPP Application) using all of your loan information. We will send this document to you via a DocuSign email for your review and electronic signature.  Note: Until this step is completed, we will not be able to send your request to the SBA.
  3. Once the SBA Form 2483 is signed, we will transmit your loan request to the SBA. The SBA will review and decision your loan request (the SBA may take several days to return the decision to Cape Cod 5).
  4. Upon approval by the SBA, we will prepare your loan closing documents for your review and electronic signature. We will send the documents to you via DocuSign email for your review and electronic signature.  All lenders, including Cape Cod 5, must make disbursement of PPP loans within 10 calendar days of SBA loan approval. If you delay in returning the closing documents, your PPP loan may be cancelled.  
  5. Once we receive the completed loan closing documents, we will disburse the loan proceeds to your requested Cape Cod 5 account. Please note that the date you receive your loan funds is the start of your “covered” period.  

Log into the PPP Loan Portal 

Once you have reviewed the completed the required calculations and gathered your supporting documentation, log into the PPP Loan Portal using the information below:

 

If you have begun or submitted a PPP Loan Forgiveness Application: You will sign in using the same portal log-in as you used for the forgiveness application submission to start a new loan application on the Loan Portal. 
  • Under “Pick up where you left off,” enter your E-mail and Password and click “Sign In.” 
  • You will be taken to the dashboard screen of the portal where you can select “Start a New Loan Application.” 
  • If you have forgotten your password, you may use the “Forgot Password?” link to reset your password.  
If you have not previously begun a PPP Loan Forgiveness application: You will sign up for a PPP Loan portal account by registering an email log-in and password of your choosing. 
  • Click on “Start Your Application” under “Register and Apply for a new PPP Loan.”  
  • Once you have entered your email, selected a password and confirmed your selected password, you will be taken to the dashboard screen of the portal where you can select “Start a New Loan Application.”

 

Ready to Apply? – Log into the PPP Loan Portal 

Internet Browser Requirement: The PPP Loan Portal requires the use of Google Chrome or Microsoft Edge browser.  
 
Log into the Loan Portal

View First-time Portal Login Video Tutorial

 

PPP Loan Applications and Forgiveness

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