Small Business Administration Paycheck Protection Program

The Paycheck Protection Program, better known as PPP, is a stimulus program created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small- and medium-sized businesses affected by the COVID-19 pandemic maintain payroll, hire back employees who have been laid off and cover applicable overhead. Although the Small Business Administration (SBA) is no longer accepting PPP applications, the forgiveness process is ongoing.

Information current as of March 30, 2022.

PPP Forgiveness

Loans Under $150,000.

Sandy Spring Bank is no longer accepting forgiveness applications for PPP
loans under $150,000Borrowers must
apply for forgiveness directly 
through the Small Business Administration.


Loans of $150,000 or More.

The Sandy Spring Bank PPP loan forgiveness portal remains open for all loans of $150,000 or above. 
Portal Instructions » | Required Documents Checklist »
Portal Status: Open

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For the latest Small Business Administration (SBA) information on PPP loan forgiveness, click here.

About PPP Forgiveness

Important information on the forgiveness application process

  • Refer to the U.S. Treasury’s website or the SBA’s website for up-to-date information on forgiveness and documentation requirements.
  • For help with our forgiveness application portal, please review the frequently asked questions below.

If you are experiencing any issues resetting your portal password:

  • Ensure the email address you are using to log in is the email address the authorized signer used to apply for the loan.
  • Check your junk, spam, or email quarantine folders for messages from [email protected] . Please do not attempt to send a message to this address as it is not monitored.
  • Add [email protected] to your contacts, safe senders list, or whitelist to ensure you receive the password reset email.
  • If applicable, check with your IT team to make sure your company is not filtering messages from [email protected]

PPP Repayment Guidelines

The U.S. Congress revised the PPP so that borrowers are no longer required to begin repayment six months after the date of the loan.

After you complete your application for forgiveness of your PPP loan, we will notify you when we receive the forgiveness amount from the SBA. If the forgiveness amount is less than 100% of the PPP loan balance, you must repay the portion of the PPP loan that is not forgiven. Monthly payments of principal and interest on such amount will commence after the portion of the loan that is forgiven is transmitted to the Bank. We will also inform you of the amount of your monthly payment and the date on which your monthly payments are due. If you apply for forgiveness of your PPP loan, monthly principal and interest payments will commence on the date on which the portion of the loan that is forgiven is transmitted to the lender. 

  • 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. 
  • Please note that our branches and the Client Service Center do not have additional information on PPP forgiveness.

If you fail to apply for forgiveness of your PPP loan within ten (10) months after the last day of the 8- or 24-week covered period for using the PPP loan proceeds, you must begin making monthly principal and interest payments. In such event, the Bank will specify the date on which your monthly payments are due.

These changes are intended to give borrowers the opportunity to complete the forgiveness application process before any payments are due.

If you have additional questions that are not addressed here, please submit your question using the "Ask a Question" button above.

Paycheck Protection Program (PPP) Forgiveness Portal FAQs

For the latest information about SBA PPP loan forgiveness directly from the SBA, please visit this page.

Not finding the answer to your question above?

Portal Help Form

Keep in Mind

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 with and do not endorse any of these firms, nor have we provided any of these firms with information about our PPP borrowers.