SBA Paycheck Protection Program (PPP)

January 20, 2021 Update:

Forgiveness: The SBA announced a streamlined forgiveness application for loans $150,000 and less. The streamlined application is one page and does not require that you submit supporting documentation at the time you apply. We will notify you when the application is made available through our Online Portal.

New PPP Loans: We are accepting loan applications for new Paycheck Protection Program (PPP) Loans. If you have an existing PPP loan with ASB, you may apply using the link that was emailed to you to access the Online Portal. This portal will be used for new applications as well as applying for forgiveness. Need more help? Use our Quick Guide.

If you do not have an existing PPP loan with ASB, please contact your banker or visit a branch near you to request access to the Online Portal. You must have an ASB business checking account to get access to the portal.

Please refer to one of the checklists of required documents to ensure you are prepared: First Time PPP Borrower or Second Time PPP Borrower. You will be required to upload all required supporting documents before we can process your application. Learn more about the PPP program requirements here.

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As we navigate through these challenging times, we're here to help you with your business. Here are helpful quicklinks to get started.

ASB Business Banker

Ready for PPP Round 2?

Our bankers helped save over 47,000 local jobs1 during the first round of the Paycheck Protection Program (PPP). Now, we're here to help you through the second round of PPP.

To prepare, please review the program requirements and SBA applications posted here. All applications must be made through our Online Portal and we will not be accepting paper applications.

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Loan Forgiveness:

Note: The recently passed Economic Aid Act includes a provision to further streamline the forgiveness application process for smaller loans up to $150,000. This new streamlined application has not yet been made available by the Small Business Administration (SBA).

LOAN FORGIVENESS RESOURCES:

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Frequently Asked Questions:


PPP ROUND 2:

LOAN FORGIVENESS:

ASB LOAN FORGIVENESS PORTAL:

ECONOMIC INJURY DISASTER LOAN:

GENERAL INFORMATION:

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ASB Business banker

Helpful Resources

The SBA Paycheck Protection Program (PPP) helps small businesses retain and pay their employees. Here are a few helpful resources to learn more:

Need more information and support? We're here for you and your business. Contact an expert Business Banker today.
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  1. Source: ASB CARES Loan Application 2020