PPP Loan Forgiveness
Your Paycheck Protection Program (PPP) loan may be eligible for forgiveness for expenses related to payroll, mortgage interest, rent, or utilities paid or incurred within 24 weeks from the date the loan funds were disbursed. To simplify the process of applying for PPP loan forgiveness, we offer a secure online application portal and a helpful Knowledge Center to help guide you through the forgiveness process.
This information is based on guidance provided by the SBA/Treasury Department. PPP regulations and applications are subject to change. In the event of any discrepancies between the information on this site and the SBA's site, please follow official SBA guidance.
- If I have already applied for forgiveness, what are the next steps?
- When can I apply for forgiveness?
- How do I apply for forgiveness?
- Can my PPP loan be partially forgiven?
- When will I need to start making payments?
- How can I find more information and guidance?
- How can I protect myself from scams?
- How can I contact Maps about my PPP loan?
1. If I have already applied for forgiveness, what are the next steps?
We are currently working through applications and will contact you if we need any additional information. Please mark [email protected] as a “safe sender”. You will receive an email notification when we submit the application to the SBA, and again when we receive a decision from the SBA.
2. When can I apply for forgiveness?
Under current SBA guidance, you may apply for forgiveness any time after you have used all the loan proceeds for which you are requesting forgiveness. The latest date you can apply for loan forgiveness is within 10 months after the last day of the Covered Period.
3. How do I apply for forgiveness?
Sign in using the Business Name and Tax ID. If the loan is in your personal name, use your First and Last Name and SSN. When entering the TIN/EIN/SSN, do not use any dashes.
After you enter the name and TIN, you will receive a pop-up requiring you to enter a One Time Passcode (OTP). You will receive a new OTP in an email from ESFSCMConfigurator[email protected] A new OTP is required each time you log into the portal.
The system is sensitive to the exact spelling, capital letters and punctuation in the name. If you have trouble getting signed in, please contact us at [email protected] or 503-588-0181, ext. 3401.
4. Can my PPP loan be partially forgiven?
Yes, the amount of loan forgiveness can be up to the full principal amount of the loan and any accrued interest. The actual amount of loan forgiveness will depend on if the qualifying criteria is met. You will be required to repay any portion of your loan that does not qualify for forgiveness.
5. When will I need to start making payments?
You will not have to make any payments on your loan until we receive the SBA’s decision on your application for loan forgiveness. Once you have submitted your complete forgiveness application, the review process can take as long as 5 months – 60 days for Maps to complete the lender review process and up to 90 days for the SBA to complete their review under the current guidelines. If you do not apply for loan forgiveness within 10 months after the last day of the covered period, you must begin making payments on your loan at that time.
If the SBA determines that the loan is not eligible for forgiveness (in whole or in part), payments are no longer deferred, and you must begin paying principal and interest. If this occurs, we will notify you of the date the first payment is due.
6. How can I find more information and guidance?
Sign into the application portal and visit the Knowledge Center, a robust tool to help guide you through all steps of the forgiveness process.
Refer to the SBA PPP site for updates and guidance.
Talk with your CPA/tax advisor or attorney if you have questions regarding your business operations, payroll records or taxes.
7. How can I protect myself from scams?
If you receive a suspicious email or text message, don’t respond, click on links, or open attachments. Please know that we won’t ask for confidential information—such as your card PIN, account number, or online banking password—if we reach out to you. To learn more about avoiding scams visit our blog.
8. How can I contact Maps about my PPP loan?
Call us at 503.588.0181, ext. 3401 or email [email protected].