Apply for SBA PPP Loan Forgiveness 

Banner Bank is accepting applications for loan forgiveness and encourages you to apply for forgiveness as soon as you're eligible and have utilized your full loan proceeds toward allowable expenses. The SBA has granted full forgiveness to the vast majority of our clients who have applied. Apply now to have the peace of mind SBA’s forgiveness determination provides.


Clients may apply for loan forgiveness via the Banner Bank Business Loan Portal. Banner Bank’s Business Loan Portal will step you through a series of questions, and your responses will determine which SBA application form will be generated. In short, use the following as a guide:  
  • Form 3508S is used only for loans of $150,000 or less. 
  • Form 3508EZ is used for borrowers who:
    • Are self-employed and have no employees, and whose loan was more than $150,000 or;
    • Have employees but did not reduce their wages by more than 25%, did not reduce headcount, and did not reduce employee hours, OR
    • Have employees but did not reduce wages by more than 25% and could not operate as normal as a result of reduced business activity due to COVID-19 health guidance restrictions.
  • Form 3508 will be generated for clients whose loan does not qualify to use Form 3508S or 3508EZ.
Important note: Clients with loans of $150,000 or less should not typically be required to upload additional documentation, except if you also received a second-draw loan. In the case of a second-draw loan, you may be required to provide evidence of at least a 25% decline in gross receipts for any one calendar quarter of 2020, compared to the same quarter the year prior. A profit and loss for each quarter (signed and dated on the first page, initialed on all subsequent pages) should suffice, or if your business has filed its tax returns for 2020 and the full year shows at least a 25% reduction from 2019, that may be used instead. If you have identified affiliate businesses, their gross receipts must be included and documented in the same manner. Although you are not required to upload documents detailing how your loan proceeds were utilized, you need to retain all employment records and payroll documentation for at least four years, and all other documentation for three years. You must make records available to the SBA on request.    

Clients with loans greater than $150,000 will be required to provide additional documentation of your forgiveness-eligible expenses during the application process. 

SBA Guidance on PPP loan forgiveness

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