The SBA’s Paycheck Protection Program
On May 31, 2021, the SBA closed the Paycheck Protection Program. Bank of Marin is no longer accepting PPP loan applications.
PPP Loan Forgiveness
Our loan forgiveness process is open for all PPP1 borrowers and we encourage you to apply as soon as possible. We will alert PPP2 borrowers as soon as we open the forgiveness process for those loans. You will not be able to apply for PPP2 loan forgiveness until you have completed the forgiveness application process for your PPP1 loan.
A few things to keep in mind:
- Your forgiveness application is not considered complete until it has been electronically signed.
- Bank of Marin has 60 days to process and approve your application once we have received your completed and electronically signed package; once we submit your application to the SBA, they have 90 days to render a decision.
- The streamlined application for loan amounts of $150,000 and under does not require supporting documentation and offers near certain forgiveness.
- The two forgiveness application types for loans OVER $150,000 do require the supporting documentation listed in the applications’ instructions.