Skip to main content
Fulton Bank
Fulton Bank


Our offices will be closed on Wednesday, June 19, in observance of Juneteenth Freedom Day.

PPP Loan Forgiveness

If you have not already applied for PPP forgiveness, you may still be eligible to apply.

  • To begin an application, request documentation on a previously forgiven loan, or submit questions send a message to

For up-to-date Information related to the PPP program, visit the U.S. Department of Treasury's website.

PPP Loan Forgiveness

As your Paycheck Protection Program (PPP) lender, we want to assist you in preparing and applying for forgiveness for your 2021 PPP loan. The following provides helpful information in determining forgiveness eligibility, terms, how and when to apply, and which application you should use.

What is PPP Loan Forgiveness?

There are two separate and distinct components that make up PPP

  • The first is your application for funding (SBA Form 2483)
  • The second is your application to apply for forgiveness (SBA forms 3508S3508, or 3508EZ)

Borrowers may be eligible for loan forgiveness by the SBA if loan funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, utilities, or employer expenses associated with Covid during the elected 8- 24-week covered period. 

A borrower can apply for forgiveness once it has used all loan proceeds for which the borrower is requesting forgiveness. 

If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.

  Phase 1 graphic "Loan Forgiveness Application" Phase 2 graphic "Lender Review " Phase 3 graphic "Loan Remittance"
What it is
Formal submission of the loan forgiveness application. Formal review by Fulton Bank of the loan forgiveness application and required supporting documents. SBA will, subject to any SBA review of the loan or loan application, remit the appropriate forgiveness amount to the Lender.
Borrower has up to 10 months from the end of your covered period (typically 8 weeks or 24 weeks from funding) to apply for forgiveness; however, we encourage you to complete your application within 60 days from the date you receive our invitation to apply. Fulton Bank has up to 60 days to review the completed application and issue a loan forgiveness decision to the SBA. SBA has up to 90 days from the receipt of Fulton Bank’s loan forgiveness decision to remit the requested forgiveness amount to Fulton Bank.
What you do
Complete the appropriate loan forgiveness application. Nothing unless Fulton Bank requires additional information or identifies incomplete information on your application. If you disagree with the decision made by the SBA or Fulton Bank regarding the forgiveness amount, you may be entitled to request a formal loan review or submit an appeal directly through SBA OHA. In applicable circumstances, further instruction will be provided at that time.
What we do
Fulton Bank will send a "loan forgiveness application" invitation email to PPP borrowers to initiate the forgiveness process. Upon receipt of your completed application, Fulton Bank will email confirmation of receiving your application. Review application and supporting documents for completeness. Issue a loan forgiveness decision based on the calculations of payroll and non-payroll when entered in to the application. Fulton Bank notifies you of this decision. Nothing unless the SBA requires additional information or supporting documents for a particular loan. Fulton Bank notifies you of the forgiveness amount paid by the SBA to Fulton Bank.
What the SBA does
Nothing in this phase. Nothing in this phase. Remits requested loan forgiveness amount to Fulton Bank. Reserves right to randomly review any PPP loan in detail.

Questions about Forgiveness?

Contact us for questions about the process, documentation or your application. Your inquiry will be assigned to a PPP Specialist and he or she will respond as soon as possible.