Take advantage of Paycheck Protection Program Loan Forgiveness with our easy-to-use application portal. You must request forgiveness from your lender. If you have any questions, please contact your banker or your local branch. We recommend customers with loans $150,000 or less wait until the simplified application is available in the next few weeks. Don’t saddle your business with unnecessary debt. If you have not received login credentials, please fill out the form below. All PPP customers, regardless of the size of their loan, should have received a letter with the information you need to login, which included your SBA loan number and BBVA loan number. We aren’t accepting new PPP Forgiveness requests or resubmissions right now while we make updates based on new guidance from the Small Business Administration (SBA). At this time, please do not mail or submit your PPP Loan Forgiveness Application (SBA Form 3508). I am using Azlo bank - Azlo is a "virtual" bank that uses the BBVA USA/BBVA Compass bank. The U.S. Small Business Administration (SBA) released guidance Tuesday confirming that Paycheck Protection Program (PPP) loan forgiveness applications are not due on Oct. 31. Calculating FTE for PPP Loan Forgiveness: Updated Info! Be advised: Borrowers are temporarily unable to submit forgiveness applications within the portal as we prepare to accommodate new PPP forgiveness guidance outlined in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). You should have also received an email sent to the email address we have on file for your business. However, due to the recency of this announcement, our forgiveness portal has not yet been updated to include this simplified application process. Remember, The Bank of San Antonio is working with a leading third-party software provider to automate and simplify the forgiveness application. Either within the 8-week covered period or the 24-week alternative covered period from the loan disbursement date. The PPP Loan Forgiveness Application (AKA “the standard application”) helps businesses that may have PPP loans $50,000 or more and made more significant employee reductions (more than 25%) and wages, or for businesses that may have more complex situations. When I initially filled out my application (4/3) I said the bank name was Azlo. PPP Loan Forgiveness Calculation Form Coronavirus (COVID-19): Relief options and Additional Resources. ‘Quickie’ Forgiveness Form (3508S). At BBVA, we value your business and apologize for any inconvenience that you may experience during this maintenance period. The SBA is currently processing forgiveness applications for PPP borrowers across the country. Please do not complete the forgiveness application until the BBVA Paycheck Protection Program Forgiveness Portal is available. As additional guidance from the SBA becomes available, we will provide that information and launch our portal shortly thereafter. PPP Loan Forgiveness Calculation Form. Yes. First-time PPP borrowers What is PPP2? Skip to main content. As always, our commitment is to your business’ financial health. We will be using our Texas Capital Bank PPP Loan Portal to facilitate the submission of loan forgiveness documents, ‘Quickie’ Forgiveness Form (3508S). Please check your username and password. The U.S. Small Business Administration (SBA) released guidance Tuesday confirming that Paycheck Protection Program (PPP) loan forgiveness applications are not due on Oct. 31. Our first priority is to protect your privacy and we would never publicly disclose any of your personal data. To that end, the SBA has tentatively given notice that as of 3/5/2021, borrowers will no longer be able to submit loan forgiveness applications that adhere to forgiveness rules that were in effect prior to the passage of the Economic Aid Act (i.e., submission with outdated forgiveness forms). BBVA USA plans to make our online PPP loan forgiveness application portal available soon. Resources: PPP Origination User Guide PPP Forgiveness Platform User Guide On January 21, 2021, the SBA issued new guidance regarding the Paycheck Protection Program (PPP) forgiveness process. 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