PPP Loan Forgiveness—Online Application Coming Soon

At Frost, our customers are at the center of everything we do and we are proud to have helped many of them secure funds through the SBA’s Paycheck Protection Program (PPP) in order to help keep their businesses operational during these extraordinary times.

You are invited to use our online application portal to submit the PPP Loan Forgiveness application. You will use our online application portal to submit all of your forgiveness details and upload your supporting documents.

In order to protect your information, your PPP loan and PPP Loan Forgiveness application from unauthorized access and fraud, Frost can only provide credentials to access our PPP Loan Forgiveness Portal to the individual(s) that signed the Frost PPP Promissory Note for that loan. Please note, the PPP Loan Forgiveness application portal can only be accessed from the most current version of Google Chrome.

What to expect when you apply for PPP Loan Forgiveness with Frost

A dedicated PPP Loan Forgiveness Support Team ready to assist with the application process.

Step by step guidance about how to apply, required documentation and FAQs.

A central place to submit information, upload documentation and track your forgiveness request.

Easy steps to get started

Determine which application is right for you

The SBA has provided three different applications. The application that's best for you depends on the size of your PPP loan and how you used your funds. We've created a quick questionnaire to help you know which application is right for you::

FIND THE RIGHT APPLICATION

Become familiar with the application

We strongly recommend that you begin reviewing the version of the instructions and application that you are eligible to use and become familiar with them, as these will be used to help you complete Frost’s online application.

New 3508S Application 

For businesses who received a PPP loan for $50,000 or below. This is also the shortest and easiest application.
 

View Application

View instructions

3508 EZ Application

Common for self employed individuals & businesses who maintained payroll and employee wages during the covered period.

View Application

View instructions

3508 Long Application

For all other businesses who recieved a PPP loan.
 

View Application

View instructions

Gather required documents

Regardless of which application you use, having your required documentation ready will be imperative to submitting your forgiveness application to Frost successfully. You will need to upload documentation during the online application process. You can download and print the following resources to help you as you prepare to apply online:

Apply

When you are ready to apply, you will need to have the following information to access your loan forgiveness application:

  • The email address you used to apply for your PPP loan
  • Your SBA loan number. (See this example to locate your SBA loan number).
Frequently Asked Questions

Documents verifying the eligible* cash compensation from the Covered Period or Alternative Payroll Covered Period consist of the following:

Option 1. Third-party payroll report
Option 2. Form 941
Option 3. Internal payroll report or bank statements

You may need to upload multiple documents and/or multiple types of documents.

* Eligible cash payroll compensation can be gross salary, gross wages, gross commissions, or similar compensation; gross tips, bonuses and hazard pay or the equivalent; payments for paid leave (vacation, parental, family, medical or sick leave); and allowances for separation or dismissal.


Documents verifying the eligible employer contributions for employee health insurance, retirement plans and/or employer paid state and local taxes from the Covered Period or Alternative Payroll Covered Period consist of the following:

Within Texas:
Option 1. Unemployment insurance tax filings
Option 2. Account statements
Option 3. Payment receipts or cancelled checks

Outside of Texas:
Option 1. State quarterly business and individual employee wage reporting, reported or that will be reported AND/OR unemployment insurance tax filings reported or that will be reported
Option 2. Account statements
Option 3. Payment receipts or cancelled checks

You may need to upload multiple documents and/or multiple types of documents.


  • 2019 Tax Form 1040 Schedule C
  • 2019 Tax Form 1040 Schedule F
  • 2019 Tax Form 1065 Schedule K1

If you are using the 3508 long applications and payments were made to more than one owner-employee or general partner, you much also upload an owner-employees/partners table with the name and amount paid to each.


If you are using the 3508 EZ application, and only checked Box 2 on the on the "Checklist for Using SBA Form 3508EZ", you must upload one of the following documents showing the number of FTEs on January 1, 2020 and another one showing the number of FTEs at the end of your selected covered period.

  • Form 941 reported or that will be reported
  • State quarterly business and individual employee wage reporting, reported or that will be reported
  • Unemployment insurance tax filings reported or that will be reported

If you are using the 3508 long application, you must upload one of the following documents showing the average number of FTE employees on your payroll per week:

  • Form 941 reported or that will be reported
  • State quarterly business and individual employee wage reporting, reported or that will be reported
  • Unemployment insurance tax filings reported or that will be reported

Your documents must cover one of the following date ranges:

Option 1. February 15, 2019 and June 30, 2019
Option 2, January 1, 2020 and February 29, 2020
Option 3. If you are a seasonal employer, you can choose from the timeframes above or any consecutive 12-week period between May 1, 2019 and September 15, 2019

You may need to upload multiple documents and/or multiple types of documents.


Documentation verifying existence of the mortgage prior to February 15, 2020, and eligible payments, paid or incurred, from the Covered Period are listed below. If choosing Option 1, you will also need a lender account statement for one month after the Covered Period ends.

Option 1. Lender account statements showing amount owed and paid
Option 2. Lender account statements showing amount owed AND payment receipts or cancelled checks
Option 3. Lender amortization schedule AND payment receipts or cancelled checks

You may need to upload multiple documents and/or multiple types of documents.


Documentation verifying existence of the rent or lease prior to February 15, 2020, eligible payments, paid or incurred, from the Covered Period are listed below. If choosing Option 1, you will also need to provide a lender account statement for one month after the Covered Period ends.

Option 1. Account statements or invoices showing amount owed and paid
Option 2. Account statements showing amount owed AND payment receipts or cancelled checks
Option 3. Copy of entire rent or lease agreement AND payment receipts or cancelled checks

You may need to upload multiple documents and/or multiple types of documents.


Documentation verifying existence of the utility prior to February 15, 2020 and eligible payments, paid or incurred, from the Covered Period consist of:

Option 1. Account statements or invoices showing amount owed and paid
Option 2. Account statements showing amount owed AND payment receipts or cancelled checks
Option 3. Invoices showing amount owed AND payment receipts or cancelled checks

You may need to upload multiple documents and/or multiple types of documents.


Frost cannot provide financial, legal or tax advice, including interpretation of the SBA’s rules or guidance for loan forgiveness, or how they may apply to the circumstances of your business. Please seek financial, legal or tax advice from your financial, legal and/or tax professional(s). Please note that the information above is taken directly from the SBA and/or the SBA Paycheck Protection Program Loan Forgiveness Application, and is posted here solely for your convenience. It is not intended to be, and should not be considered, comprehensive or definitive. Please be sure to consult the SBA and/or U.S. Treasury PPP websites for information related to loan forgiveness and the PPP program. Guidance and rules directly from the SBA and/or the U.S. Treasury will supersede and control over any information below or in any FAQ posted here, to the extent of any conflict.

Please continue to check back here for the latest information about how and when to apply for loan forgiveness. In the meantime, you can visit the SBA’s website for additional important details and conditions on loan forgiveness.

We're here to help.

We have specially trained staff on hand to help with any questions that come up.

Contact the PPP Loan Forgiveness Team at (800) 860-5481
Monday - Friday from 9 am - 7 pm CST.