The online forgiveness portal is live!
When is my PPP Loan Forgiveness Application due?
The expiration date in the upper-right corner of the posted PPP loan forgiveness application forms is displayed for purposes of SBA’s compliance with the Paperwork Reduction Act, and reflects the temporary expiration date for approved use of the forms. This date will be extended, and when approved, the same forms with the new expiration date will be posted.
Prepare in Advance:
• Read the instructions for whichever applicable SBA form pertains to your application (either the full SBA Form 3508 or 3508EZ). To determine which form is applicable, refer to the “Checklist for Using SBA Form 3508EZ” identified within the first page of Form 3508EZ instructions.
What to Expect:
A recommended decision to the SBA will be processed within 60 days of receiving a complete application. The SBA will then complete a secondary review and final decision within 90 days of receiving our recommendation. Overall, it may take up to 150 days to receive a final decision regarding forgiveness. SBA will automatically reduce the requested forgiveness amount by the amount of any EIDL advance taken by the company.
Additional information may be needed if errors are identified or if the application does not correspond with the documentation submitted. A representative of the team will notify you via email to revisit the Vikar portal to remedy such issues. If missing or incomplete information cannot be remedied, the forgiveness request may be partially approved or denied.
Information regarding the final disposition of your forgiveness request will be delivered in writing to you when the decision process is complete.
Please be advised that SBA may conduct an audit of your PPP Loan files at any time in SBA’s discretion up to six (6) years after the loan is forgiven or paid in full. If necessary, we will notify you and outline any required information to satisfy SBA’s review requirements. If SBA chooses to audit your forgiveness application while under our review, a decision regarding your application cannot be finalized until the SBA audit is complete.
Portal Log-In Instructions:
To begin the application, visit ppp.vikartech.com and enter your username and the temporary password provided to you.
Upon initial login, you will be prompted to change your password. In addition, to authenticate you as a user, the system will request your SBA Loan Number and First Disbursement date. The Loan Number is on your loan documentation. The disbursement date is the date your loan funded. Please have this information available upon initial log-in. If you cannot find this data, contact us using the support information below.
You may save your progress and revisit the portal at any time to complete and submit the application. Once the application is submitted, the data input fields will be locked, however, you may revisit the portal to monitor the status of your request at any time.
To access all posted forms, rules and tools posted by the US Treasury and SBA please go to: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
HVB's Helpful Information about the SBA's PPP Program
Click on the link below to view the HVB PPP Informational Webinar
For additional information, please visit the SBA’s Payment Protection Plan website
Please visit the SBA's website for additional resources regarding the PPP Program. This link provides information on Frequently Asked Questions for both lenders and borrowers for the Payroll Protection Program.
HVB's Frequently Asked Questions
PLEASE NOTE - HVB WILL NOT RECOGNIZE/PAY AGENT FEES FOR ANY APPLICATIONS RECEIVED ON BEHALF OF 3RD PARTY APPLICANTS.