Union Bank® COVID-19 Relief for Businesses

SBA Paycheck Protection Program (PPP)

PPP Loan Forgiveness

August 18, 2020

As your trusted financial partner, we want to provide you with resources and tools to help you request Small Business Administration (SBA) PPP loan forgiveness.

This page will be updated as we receive guidance from the Small Business Administration (SBA) and Treasury Department.

Legislative Update:

The Paycheck Protection Small Business Forgiveness Act continues to be debated in Washington. If passed, the bill would provide automatic forgiveness for PPP loans of $150,000 or less if the recipient completes and submits a one-page form. As the debate continues, we understand some of our clients are eager to apply for PPP loan forgiveness for a variety of reasons.

Effective today, clients who wish to apply for forgiveness now will be granted access to the PPP loan forgiveness portal.  Please keep in mind that if you have a PPP loan less than $150K and you choose to apply now, you may have to submit a second application if the Paycheck Protection Small Business Forgiveness Act is passed.

We believe this is the best way to accommodate the needs of our clients as we wait for additional information on the bill.

Requesting PPP Loan Forgiveness

  • Requests for PPP loan forgiveness must be submitted through the Union Bank® SBA PPP Forgiveness Portal. Our call center, branch bankers and relationship managers are unable to accept requests for PPP loan forgiveness.
  • Currently, PPP loan forgiveness is not automatic.  Borrowers are required to apply for forgiveness through Union Bank®.
  • To help you prepare to apply for PPP loan forgiveness, we encourage you to download and review the following guides:
  • Once your request is received, it will be reviewed for completeness prior to transmitting to the SBA.
  • You’ll be able to check the progress of your request using the Union Bank® SBA PPP Forgiveness Portal.
  • If you have received an invitation to apply for PPP loan forgiveness, you may access the portal and continue with your application.
  • If you wish to apply for PPP loan forgiveness ahead of the possible passage of the Paycheck Protection Small Business Forgiveness Act, you may request access to the portal.  We’ll review your request and follow up with you to discuss your options. Please keep in mind that if you have a PPP loan less than $150K you can choose to apply now, but you may have to submit a second application if the Paycheck Protection Small Business Forgiveness Act is passed.
Request Access

Frequently Asked Questions:

Can I request PPP loan forgiveness through Union Bank?

Yes, if you received a PPP loan from Union Bank you must request forgiveness of the PPP loan through Union Bank. If you received your PPP loan through another institution you will need to apply for forgiveness through that institution.

How do I apply for forgiveness?

Requests for PPP loan forgiveness must be submitted through the Union Bank® SBA PPP Forgiveness Portal. Our call center, branch bankers and relationship managers are unable to accept requests for PPP loan forgiveness. We encourage you to download and review our PPP Loan Forgiveness: User guide to become familiar with the process.

When can I apply for loan forgiveness?

We will notify you via email when it is time to access the Union Bank® SBA PPP Forgiveness Portal to submit your application. If you wish to apply for PPP loan forgiveness ahead of the possible passage of the Paycheck Protection Small Business Forgiveness Act, you may request access to the portal. Please keep in mind that if you have a PPP loan less than $150K and you choose to apply now, you may have to submit a second application if the Paycheck Protection Small Business Forgiveness Act.

Do I need to provide documentation to support my use of the funds?

Will I be guided through the process of uploading supporting documents?

Yes, you will receive guided instructions when you reach that point in the process. For additional guidance, we encourage you to download and review the Union Bank® SBA PPP Loan Forgiveness: User guide.

How do I sign my loan documents?

After submitting your PPP loan forgiveness application, you should receive an email from DocuSign with the subject "Documents for your DocuSign Signature." The email will prompt you to sign your forgiveness application electronically. Once your electronically signed forgiveness application is received, we can continue processing your forgiveness request. If you do not receive a DocuSign email from us within 48 hours of submitting your application, please check your spam folder. If after searching your spam folder, you still cannot locate an email from DocuSign, please contact your banker or relationship manager for assistance.