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Paycheck Protection Program Loan Forgiveness

Recently you may have received funding for your Paycheck Protection Program loan through Midland States Bank. This page contains helpful information to assist our PPP customers with loan forgiveness.

Important Note: This page is provided as a customer courtesy. The SBA is responsible for the rules of this program and determining the amount of loan forgiveness, which can include full, partial, or no forgiveness. Updated information on the terms of Paycheck Protection Program loan forgiveness is available on the U.S. Treasury and SBA websites.

For information on Paycheck Protection Program Loans, click here.

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SBA Loan Forgiveness Application Instructions for Borrowers

To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete the SBA loan forgiveness application as directed in the SBA documentation, which is then submitted to us (the Lender for your PPP loan). Information and support items to assist with the forgiveness process are included below.

We know that it may take time for you to gather the support documentation and we suggest you start right away. Once you are eligible to apply, we’ll email you with instructions to begin the application.

Should you have questions after review of the documentation below, please contact your Relationship Manager. If you do not have a dedicated Relationship Manager or need assistance contacting a member of our team, Customer Service is available at 855-696-4352 to assist.

The following SBA documentation is provided for assistance and to start preparing for your forgiveness application.

PPP Loan Forgiveness Calculation

Instructions

Form

 

PPP Forgiveness Checklist

Checklist for Loan Forgiveness Application

Other PPP Forgiveness Documents

Borrower Demographic Information Form

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Page content is for summary and informational purposes only. The information contained on this webpage does not constitute the rendering of legal, accounting, tax or other professional services or advice by Midland States Bank or any of their subsidiaries or affiliates, and is provided without any warranty whatsoever. The applicant understands that they may wish to consult with their own advisors. Midland States Bank is a Member FDIC and Equal Housing Lender.