ppp loan Forgiveness

How and when to apply

The SBA has simplified the forgiveness process into one easy-to-use form with instructions included. Refer to the Small Business Administration’s FAQs to guide you through the process.

If you have already submitted your forgiveness application through Infinity Credit Union, you do not need to apply again through the SBA portal. We will submit your application on your behalf. 

A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.

If your loan amount is greater than $150,000, please contact us for forgiveness instructions.

If you have not already applied for forgiveness, click below to start your application.

3508S: FORGIVENESS APPLY NOW

If you have any questions or issues applying for forgiveness with the SBA, please call us at 207-854-6000.

AFTER YOU APPLY FOR FORGIVENESS

A member of our team will contact you to confirm your application has been submitted successfully and discuss future needs for your business. Infinity offers a comprehensive Business Services suite of products including:

  • Personalized service, in-house loan underwriting, and a team who is passionate about learning your story and making your dream real
  • Free checking for a cost-effective way to manage your cash flow
  • Business Choice Checking* to earn tiered interest on your balance
  • Loan solutions to get your business up and running or boost it to the next level of success
  • ACH services to simplify your payroll and accounts payable
  • Personal banking services including our premier interest-bearing High 5 Checking*, competitive-rate loans for all needs, and digital convenience services to simplify your life**
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