Paycheck Protection Program
As of May 5, 2021, the U.S. Small Business Administration stopped accepting PPP loan applications due to the depletion of Congressionally appropriated funds. If you have received a PPP loan from Parkway Bank, you may submit an application for forgiveness at any time after the end of the covered period you have selected. The covered period may be anywhere from 8 to 24 weeks after disbursement of the loan. All loan proceeds must be expended for eligible purposes during the covered period selected by the borrower.
All forgiveness applications must be submitted via our Online Forgiveness Portal.
Online Forgiveness Portal
Before starting your online forgiveness application, we highly recommend that you watch the following three instructional videos on how our platform works:
VIDEO 1: Borrower Authentication and Application
VIDEO 2: Borrower Document Upload
VIDEO 3: Borrower eSigning
After viewing these tutorials, please click here to enter the PPP Forgiveness Portal and get started with your request.
This will take you to the authentication page, which prompts you to provide three pieces of identifying information to retrieve your PPP loan on our system: the Business E-mail address, Borrower Tax Identification Number (TIN), and authorized representative's personal social security number (the authorized representative is generally the owner, manager or principal shareholder of the business). Please note that your entries on this arrival page must be exact matches to our system data in order to bring up your PPP loan details when you click on “Find My PPP Loan.”
- After you’ve called up your loan, please enter and upload all of the other required data as prompted. Depending upon the amount of your PPP loan, you may not be required to upload your supporting documentation, but please maintain these records because you will be asked to produce them if your application is selected for further review by the SBA. You’ll note that some of the data required to complete the SBA’s PPP Forgiveness Application Form has been pre-filled for your convenience. When you’ve completed your data entry and document uploading, click “submit for review” to transmit the forgiveness application to the Bank. The Bank will then be notified that your request is ready for review.
- If the Bank’s review indicates that your request is complete and eligible for forgiveness, you’ll receive an e-mail inviting you to digitally sign the forgiveness application. Once this signature is provided, the Bank will countersign the application and submit it to the SBA for approval. The SBA has stated that they will provide responses within 90 days of submission.
Please note that our PPP Forgiveness platform provides context-sensitive help when you click on the blue "Learn more" icon.
The platform also allows you to save and return to your application if you cannot complete it in one session.
If you have further questions concerning PPP forgiveness rules, official information is available from the following sources: