PPP Loans – funds exhausted as of May 4, 2021.
The SBA is no longer accepting applications for PPP Loans, as the funds have been depleted.
PPP Loan Forgiveness Application Process
If you are a Capitol Bank PPP Loan Borrower and you are interested in beginning the forgiveness application process, please review and utilize the applicable materials below. When you are ready to submit your forgiveness application, please utilize the secure upload link (that you should have received via email) for your documents; we encourage you to do this versus sending your documents as email attachments. If you have any questions or need the secure upload link again, please contact the Capitol Banker you’ve been working with for the PPP Loan process. If you are not sure who your Capitol Bank contact is, please email us at PPPLoans@CapitolBank.com.
An important reminder we must disclose to our PPP Loan borrowers: You as the borrower are ultimately responsible for the accuracy of the application and supporting documents; however, Capitol Bank will help you through the forgiveness process and necessary documentation to the best of our abilities. We strive to be a helpful resource, but we ultimately must rely on our borrowers’ representations of their information. This aligns with the SBA guidelines and intent of the PPP program.
Per the SBA program guidelines: Capitol Bank has 60 days to submit a forgiveness application to the SBA upon receiving a completed application with all supporting documents; and the SBA has 90 days from the time the application is submitted to issue a forgiveness decision. (In rare instances the SBA has exceeded the 90 day time frame, while unlikely, please be aware this could happen.)
PPP Loan Forgiveness Documents (click to view and download)
Borrowers: Please refer to the documents below, review them thoroughly, and rely on them as the primary source for what information and documentation is required as part of your application. These links are to the most current forms dated July 30, 2021.