Paycheck Protection Program Funds
Atlantic helped hundreds of Maine businesses do better by gaining access to first and second-round PPP funds. We are currently accepting applications for PPP Loan Forgiveness. Borrowers have up to ten months after their covered period to apply for PPP Loan Forgiveness. During this period, the loans will remain in deferment. Please visit the SBA's website for complete PPP details, including forgiveness instructions.
SBA Direct Forgiveness is Live
Borrowers may elect to utilize the SBA Direct Forgiveness Platform to submit Forgiveness requests. The questions in the portal correspond with those on the SBA Form 3508S. When you are ready, you may apply for forgiveness here. If you have questions, please contact Atlantic at [email protected]
Please note that the SBA Form 3508S does not require borrowers to provide additional documentation to show the calculations used to determine their loan forgiveness amount. However, SBA may request information and documents to review those calculations as part of the loan review or audit processes.
PPP Additional Resources
The CARES Act Provides Assistance to Small Businesses | U.S. Department of the Treasury
Paycheck Protection Program (sba.gov)