Paycheck
Protection Program

Latest Updates

February 28, 2022

We continue to work diligently with our PPP loan customers to submit their forgiveness applications. Customers who received their PPP loan through BBVA USA may submit applications through the PNC Forgiveness Portal.

The SBA released a procedural notice on January 27th, 2022 which allows borrowers who (i) received a partial approval decision from their Lender or (ii) were required by their Lender to apply for forgiveness in an amount less than the full amount of the PPP loan, to request, through their Lender, an SBA loan review of the lender’s partial approval decision. PNC has established a process to facilitate these requests.

  • In order to be eligible for this review process, an SBA forgiveness decision must have been issued. If you have not yet applied for forgiveness, please do so at your earliest convenience.
  • When an SBA decision is issued, if the SBA approves loan forgiveness in an amount less than your full PPP loan amount (and has not unilaterally selected the PPP loan for review), you will receive instructions on how to request an SBA review of the lender’s partial approval decision. You will have 30 days from receipt of that notice to request an SBA review through PNC.

WHEN can I submit for a loan review request?

  • If you wish to request an SBA review of PNC’s partial forgiveness decision, and have received notice from PNC advising you of the SBA’s final loan forgiveness decision, you can do so after February 28, 2022.

WHERE can I submit for a loan review request?

  • You can submit your request through PNC’s PPP Loan Forgiveness portal at paycheckprotectionprogram.pnc.com within 30 days of the date on the notice provided to you from PNC, advising you of the SBA’s loan forgiveness decision.

HOW do I submit for a loan review request?

  • After logging into PNC’s PPP Loan Forgiveness portal at paycheckprotectionprogram.pnc.com, you will see a link within the application timeline section that states “if you would like to request an SBA loan review, click here.” if your loan is eligible to request an SBA review of PNC’s partial decision.

PPP Loan Forgiveness


Watch now to learn more about PNC Paycheck Protection Program process and eligibility.

For customers who have a funded
PPP loan amount of $150,000 or less

For customers who have a funded
PPP loan amount more than $150,000

Prepare Your Documentation

For additional information, please review the list of helpful documents provided by PNC to prepare for your application.

Download the PPP Forgiveness Application Document Checklist »

 

SBA Procedural Notice that Impacts Certain Customers

SBA guidance prohibits borrowers from receiving forgiveness on any amount of the PPP loan that exceeds the “supported maximum loan amount” as calculated under current statutes, regulation and guidance.

PNC is completing a review of all existing PPP loans. If we have contacted you regarding needed documentation for your initial PPP loan, we ask that you continue to work with us to provide these.

 

Frequently Asked Questions

We continue to evaluate our Frequently Asked Questions to align with SBA guidance.
Questions and answers are subject to change.

Customers who Applied for a PPP Loan through BBVA

General Frequently Asked Questions

What Actions Can I Take If I Do Not Receive Full Forgiveness?

Questions About Eligibility or the Process?

If you have any questions about eligibility or concerns about the process, please call our Customer Care Center at 877-287-2654, or talk with your relationship manager.

 

Important Legal Disclosures & Information

    This information is based on currently available information and is subject to change. We are committed to keeping you informed as we receive additional guidance.

    PNC will not pay agents for assistance they may provide an applicant in obtaining a PPP loan or submitting a claim for forgiveness.

    Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.