PPP Loan Forgiveness FAQs and Resources

Ready to apply for PPP Forgiveness?

Regions Bank has now enrolled in the SBA's Direct Forgiveness Portal.

If you have additional questions, this step-by-step guide and frequently asked questions below can help you prepare for completing your PPP loan forgiveness application.

There are important guidelines outlined by the SBA for how you spend PPP funds and your eligibility for loan forgiveness.

  • All or some portion of the loan principal and accrued interest can be forgiven if you use the loan funds for purposes that meet the forgiveness requirements issued by the SBA.
  • The actual amount of the forgiveness will depend, in part, on your use of all of the loan funds for forgivable purposes and whether you maintained employee and compensation levels during the required periods.

The U.S. Treasury and the SBA have continually modified the PPP Forgiveness program. We recommend that you continue to watch for updates. You can find detailed information on the SBA and U.S Treasury page websites.

What You Need to Know About PPP Loan Forgiveness

What You Need to Know Prior to Applying for Loan Forgiveness

What You Need to Know After Applying for Loan Forgiveness