We’re committed to you. We understand the impact that the current coronavirus (COVID-19) pandemic has had on individuals and businesses within our community and around the world. As a preferred SBA lender, we have provided almost $110 million to our business customers. We helped them maintain or employ over 5,000 employees as part of the Paycheck Protection Program.
Loan Forgiveness
We are now accepting loan forgiveness applications. Cornerstone Bank PPP borrowers will use our online portal to apply for forgiveness. Paper applications outside of the portal will not be accepted. Please visit the Paycheck Protection Program Portal to begin the process.
To log in to the portal, you will need the following:
- Your business EIN or social security number
- SBA loan number located on the SBA Loan Note
- PPP loan amount located on the SBA Loan Note
With this information, you will be able to log in and complete your forgiveness application. The application will include step by step instructions.
The documents you need to provide depend on your loan amount and the expenses you are submitting to be considered for forgiveness.
Loans $150,000 and under
• You will complete the online application but do not need to submit documents as part of the forgiveness application.
• You should retain the necessary documents for your records. The required documents can be found in the instructions of the forgiveness application. You may need to provide them later if your loan is selected for review by the SBA.
Loans $150,001 and over
• You will complete the application and upload the required documentation as listed in the forgiveness application instructions.
• You will need to provide proof of payment for each relevant category.
Paycheck Protection Program Portal
We encourage you to visit the SBA’s website to review the three forgiveness applications, instructions, and FAQs related to PPP forgiveness.
If you have any questions, please contact your Loan Officer by calling 1-800-939-9103.
We thank you for your business and wish you good health and wellness.
