PayCheck Protection Program

The Small Business Administration (SBA) has made all forgiveness forms and instructions available on their website at PPP loan forgiveness.  

Questions and Assistance - If you have questions regarding the forgiveness application process, please contact your assigned commercial lender or email questions to SBAGovLending@HorizonBank.com. The SBA has also made available an SBA Forgiveness Call Center. In addition, the SBA also provides a Customer Care Center (877) 552-2692 to support customers utilizing the SBA Direct Forgiveness Portal.

Forgiveness Processing – Please note that Horizon Bank utilizes multiple submission portals depending on the origination date and the size of your PPP Loan.

Submission Portal: Please submit your 2020 PPP Loan Forgiveness Application to the following link with Horizon Bank. PPP Loan Forgiveness. You will need credentials to access the portal, which includes the following information 1) Tax I.D. of the business, 2) the email address used for your application,  and 3) the social security number of the primary signer. If you have difficulty accessing the portal, please email SBAGovlending@horizonbank.com for assistance.

PLEASE NOTE: As of August 4 ^th, the SBA has launched a direct forgiveness portal, available for PPP loans of $150,000 and less and utilizing the SBA Forgiveness Form 3508-S.  Please note that Horizon Bank is processing 2020 PPP loans through the link noted above, and any 2020 PPP loan forgiveness applications submitted to the SBA Direct Forgiveness Portal will be rejected.

PPP Loan Payments: PPP Program Guidelines provided a payment deferral period for 10 months after the end of the applicable covered period. Borrowers who have not submitted their forgiveness application by the end of the 10 month deferral period are subject to payments beginning in September 2021 and thereafter, depending on your original loan funding date.  Payment notices will be mailed to affected customers in the coming weeks.

Loan Term:   The original PPP program guidelines provided for a maximum loan term of 2 years. However, it changed to a maximum of 5-year term beginning in June 2020.  If your loan has a 2-year term, it may be re-amortized to a 5-year term if you would like to do so. If you are interested in re-amortizing the loan to a 5-year term, please contact your assigned lender or the SBA Department at SBAGovlending@horizonbank.com, and we will coordinate a Change in Terms Agreement.

Forgiveness Launch Dates – Horizon Bank will begin accepting forgiveness applications for 2021 PPP loans depending on loan size as follows:

• $150,000 and Less – August 16, 2021
• Greater than $150,000 – September 7, 2021

Submission Portal – Please note that Horizon Bank is utilizing two processing portals depending on the size as follows:

For Loans of $150,000 and Less and Originated in 2021 - As of August 4^th, the SBA has launched a new direct forgiveness portal for $150,000 and less PPP loans and is eligible to use the SBA Forgiveness Form 3508-S.  This portal directly interfaces with the Small Business Administration (SBA), and the SBA will take the lead on processing and communication.  The SBA Direct Forgiveness Portal may be accessed at this link SBA PPP Forgiveness.

Please see the link to the SBA Direct Forgiveness User Guide.  The SBA also provides an SBA Customer Care Center (877-552-2692), available Monday-Friday, 8:00 AM to 8:00 PM EDT.

For Loans Greater than $150,000 – for all loans greater than $150,000, the forgiveness applications should be directed to Horizon Bank at PPP Forgiveness Application.