Menu Search Login WHAT TO KNOW ABOUT PPP FORGIVENESS A guide to the forgiveness application process. GUIDANCE ON PPP LOAN FORGIVENESS Application Information and Options for Our Clients You must complete your application with First Midwest via our online portal only. HOW DO I APPLY? All PPP loan borrowers must complete your application with First Midwest via our online portal by logging into Spark with your current login and password. Important: You must use a valid email address. 2020 PPP borrowers are now eligible. 2021 PPP loan borrowers will receive an email from Windsor Advantage 8 weeks after the funding of your PPP loan. A borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. For certain borrowers, if all loan proceeds have been used prior to 8 weeks following disbursement, please email sbappphelpdesk@firstmidwest.com to request the application be sent. Learn more at the SBA’s PPP loan forgiveness site. Get Started UNDER $150K LOAN APPLICATION If you received a PPP Loan of $150,000 or less, the application process has been simplified and you can apply online via the 3508S application located on the Spark portal. Click here to watch a brief instructional video on how to complete the Forgiveness application in Spark. Learn more about the under $150K application on SBA’s website here. *If a Forgiveness Application is being submitted for a Second Draw PPP Loan, the Borrower must submit with the 3508S documentation that supports the gross receipts reduction the Borrower certified to on their PPP loan application if the Borrower has not already submitted the documentation to the Lender at the time of their PPP Loan Application. See the FAQ below for more information. Get Started OVER $150K LOAN EZ APPLICATION Available to borrowers on the Spark portal that: Are self-employed and have no employees; OR Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%. Learn more about the EZ application on SBA’s website here. Get Started OVER $150K LOAN FULL APPLICATION If you do not meet the criteria for the EZ Application, you must apply via the full forgiveness application located on the Spark portal. Click here to watch a brief instructional video on how to complete the Forgiveness application in Spark (this also applies to the Over $150K EZ Application). Learn more about the full application on SBA’s website here. Get Started IMPORTANT INFORMATION ABOUT PPP APPLICATIONS This summary information is not a substitute for the detailed review and analysis required to complete the forgiveness application process. The SBA continues to issue guidance and clarifications regarding the PPP and loan forgiveness process and we will continue to update you with new developments as they become known. First Midwest Bank does not provide tax, legal, or accounting advice to our bank clients or borrowers for the SBA PPP. Please consult with your tax, legal and accounting advisors. As the borrower under the program, it's your obligation to understand the SBA’s rules on eligibility and the documentation requirements associated with your loan. SBA PPP FAQs Stages of Forgiveness: A Step-by-Step Process 1. STARTING THE FORGIVENESS APPLICATION + 2. LENDER REVIEW: 30 - 60 days + 3. SBA REVIEW: 90 days or more + 4. COMPLETED + PPP Forgiveness Questions You May Have What Do I Need to Apply? + What Costs Are Eligible? + For PPP Loans $150,000 or less, what records should I provide to support Forgiveness? + What if I Do Not Qualify for Forgiveness? + What Are Reasons I Might Not Qualify? + Forgiveness info for borrowers who received a PPP loan in 2020 for $2 million or greater. + Clarity on Dates and Expenses + Ownership Compensation Caps + Seasonal Employment + Employees Making Over $100,000 + 2021 Paycheck Protection Program Improvements + FOR OUR COMMERCIAL AND SMALL BUSINESS CLIENTS Learn more about programs, accommodations and safe financial practices for your business during COVID-19. Learn More FREQUENTLY ASKED QUESTIONS You want to find an answer easily. We get that. Get a list of answers to your most frequently asked questions. COVID-19 FAQs REVIEW THE SBA PPP FORGIVENESS APPLICATION Begin your preparation by reviewing and gathering necessary documentation. SBA Forgiveness Information Connect With Us Email our PPP Help Desk Find your nearest bank or ATM 800-322-3623 Privacy Accessibility Terms of Use Investor Relations Fraud Prevention Sitemap Do Not Sell My Personal Information © 2021 First Midwest Bank. All Rights Reserved.