Small Business Administration Paycheck Protection Program Loan Forgiveness

Information current as of March 4, 2021.

The Sandy Spring Bank PPP loan forgiveness portal is not open at this time. We are integrating the new SBA forgiveness applications and guidelines, and we plan to begin accepting forgiveness applications from 2020 PPP loan borrowers before the end of March 2021. Please check back regularly for updated information. We will also email PPP loan clients with loans originated in 2020 when the forgiveness portal is open. For the latest on PPP loan forgiveness directly from the SBA, click here.


We are aware that third parties are contacting PPP recipients to assist them with their forgiveness applications, presumably for a fee. We have not engaged and do not endorse any of these firms, nor have we provided any of these firms with information about our PPP borrowers.


Information current as of December 29, 2020.

Please know that we’re here to help as you prepare to request forgiveness. The Paycheck Protection Program Flexibility Act of 2020 made significant changes to the PPP. An overview is available on the U.S. Treasury Department’s website. As guidance and regulations on PPP and the Flexibility Act become available, this site will be updated.

On October 8, the U.S. Treasury and the SBA announced streamlined forgiveness for certain borrowers with loans of $50,000 or less* and released Form 3508S, a new application. For reference, instructions for Form 3508S are available here.

The new stimulus bill directs the SBA to issue new guidance concerning documentation requirements for PPP loans of $150,000 and under.  Given this development we have suspended new forgiveness application invitations to affected clients.  Once the SBA issues new guidance we will update our forgiveness portal to support the new process. Early information suggests that the new forms will be simpler to complete and will require less supporting documentation.

We began sending invitations to our online application portal to borrowers with loans greater than $50,000 during the week of October 26. Invitations to submit loan forgiveness applications are being sent from [email protected] in waves based on the PPP loan's funding date. Please note that our timing and process are subject to change should governing agencies make changes to the program.

Here’s what you can do now:

  1. Add [email protected] to your contacts, safe senders list, or whitelist to prevent it from being marked as spam. Please do not attempt to send a message to this address as it is not monitored.
  2. If your loan amount is greater than $150,000, organize all of your documents after reviewing these links:
  3. If your loan amount is $150,000 or under, please wait for the SBA to issue new guidance and updated forms. We will update this page with links to the new forms and their instructions once they are available.
  4. Complete all necessary documentation so that you are prepared to enter your calculations into the portal.
  5. Refer to our Q&A page and to the U.S. Treasury’s FAQs of December 9 and October 13 for more information. Please note that this information has not yet been updated to reflect program changes from the new stimulus package. We will remove this message once the SBA issues formal guidance and updated information is available.

Additional Notes on Forgiveness

  • The Bank has 60 days from receipt of a complete forgiveness application to issue a decision to SBA. SBA then has 90 days to review the loan or forgiveness application and remit the appropriate forgiveness amount to the Bank.
  • Be sure to check this page regularly for more details and frequently asked questions on the PPP loan forgiveness process. Please note that our branches and the Client Service Center do not have additional information.

If you have additional questions that are not addressed here or on the Q&A page regarding our process for forgiveness, please submit your inquiry using the below button.


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*Per SBA guidelines, PPP loans of $50,000 or less do not include borrowers that, together with their affiliates, received PPP loans totaling $2 million or greater.