The Paycheck Protection Program (PPP)

The Paycheck Protection Program, part of the CARES stimulus package, is a federal loan program aimed at helping small businesses who have been impacted by COVID-19.  

Understanding the PPP Loan Forgiveness ProcessCoffee Shop Couple


Borrowers may submit a loan forgiveness application any time on or before the maturity date of the loan, if the borrower has used all the loan proceeds for which the borrower is requesting forgiveness. 

An online application portal will be provided to Kitsap Bank PPP borrowers  which will allow you complete your application.

Note, that in order for your application to be considered complete, and therefore ready for the review and decision process, you must submit a very specific set of documents.  Please see the application forms (known as Form 3508 and 3508EZ) and review the specific documentation requirements on page 6 of the Standard 3508 Application Instructions and on page 4 of the form 3508 EZ Instructions.


The following videos may also be of assistance to you in navitgating the online application portal (link to portal will be provided by your lender):

Our Role

The role of the bank is to facilitate the forgiveness process.  We expect that most of our borrowers will seek technical advice from their payroll service providers, accountants, or industry advisors.  This preparation is vital to a successful process. When you are ready to pursue loan forgiveness, we will direct you to an online portal where you will input your figures from the forgiveness application, upload the required documents, and then via the portal, you will submit it for our review. 

Decision Issued

The ultimate amount of loan forgiveness is determined by the SBA, however it first requires our review.  Once your application is complete, we review your documents and issue a recommendation to the SBA regarding loan forgiveness within 60 days. Ultimately, the SBA makes the final decision in regard to the forgiveness amount.

Amounts Remitted

Within 90 days after we issue our recommendation to the SBA, the SBA will remit the forgiveness amount to us, plus any interest accrued through the date of payment. If applicable, the SBA will deduct EIDL Advance Amounts from the forgiveness amount remitted to the Bank.

PPP Loan Forgiveness Resources

The SBA has issued forms and instructions for the Forgiveness Application, which are provided below for your reference to help you get started prior to applying for forgiveness through our online portal. 

Additionally, please check the sites below frequently for current and authoritative information regarding PPP loan forgiveness, as the PPP guidance is updated almost daily on these sites.

Information provided by the Bank, on this website and through other resources, should not be considered a substitute for legal or accounting advice. Borrowers are encouraged and should confirm legal and accounting advice through their consultants and through their own due diligence.