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The COVID-19 Relief Act was signed into law on December 27, 2020. This Act contains provisions that may simplify the forgiveness process for borrowers with PPP loans of $150,000 and less and provide additional relief to borrowers with EIDL advances.

We recommend waiting to submit your forgiveness application until the new guidance has been issued.


 PPP 2.0 will be open to all lenders beginning on Tuesday, January 19, 2021 and Midwest BankCentre will begin taking applications at that time. Please begin working with your relationship managers now to gather the required documentation. Links to key documents and resources are below.  

Updated First Draw Forms

Second Draw Forms

Overview of First Draw PPP Loans

Overview of Second Draw PPP Loans

Additional PPP Resources

PPP Loan Fact SheetEZ Forgiveness ApplicationForgiveness Platform: Tips & Tricks

PPP Loan Forgiveness Platform

We are pleased to notify you that our PPP Loan Forgiveness platform is now available to Midwest BankCentre PPP customers.

PPP Related YouTube Series

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Loan Forgiveness Webinar

PPP Forgiveness Platform How To

Produced in partnership with Midwest BankCentre and CLA. 

Guidance on how to use the Midwest BankCentre Forgiveness Platform.

An educational webinar series that provides the PPP loan Forgiveness information. 

PPP Loan Forgiveness Guidance from SBA:

Want to learn more?

The entire Midwest BankCentre team, including our Small Business Administration specialist, is ready to provide game-changing assistance for small business owners.

Please call us at (314) 631-5500, or (800) 894-1350 if you have any questions. 


Midwest BankCentre PPP Loan

Information Hub

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What does this mean?

As a Midwest BankCentre customer with a PPP loan, you may now request access to Midwest BankCentre’s PPP Forgiveness Platform to complete and submit the PPP Loan Forgiveness Application. As part of the application process, the platform has the capability to easily upload supporting documentation.

To allow us to better serve our valued customers, please request access to the platform only when you are fully ready to complete and submit your forgiveness application and supporting documentation.
Click here to access the Forgiveness Documentation Checklist

  • Once you have gathered supporting documentation and are ready to complete and submit your application, you may request access to the platform by emailing pppportalaccessrequest@midwestbankcentre.com.

    Please include the following information in your request:

    Business name (or individual name if sole proprietor/independent contractor)
    Loan number (if known)
    Primary contact
    Primary contact email address

Note: The primary contact is not necessarily always the borrower contact. For example, if the Controller of an organization will be completing the forgiveness application, their contact name and email address should be provided.

An email with platform login instructions and how to begin the forgiveness process will be sent from ppploanforgivenessadmin@midwestbankcentre.com to the primary contact email address noted in the customer request. It may take up to 5 business days to obtain the platform login information from the date of your initial access request.

What documents are required as part of the application?

Each borrower’s PPP forgiveness application will vary based on eligible expenses claimed. See the resources listed below as well as the listing of required documents in the Documents section of the platform once you have access.

PPP Forgiveness FAQ Series

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The Small Business Administration (SBA) has issued guidance allowing borrowers to claim forgiveness of their Paycheck Protection Program (PPP) loans.  The SBA’s Loan Forgiveness Application provides detailed instructions for borrowers and the calculation of the PPP loan forgiveness.  

Current guidance can be found 
HERE. This guidance is subject to change based on future SBA guidance. 
On October 8, 2020, the SBA announced changes to the Paycheck Protection Program (PPP) loan forgiveness process.  Under current guidance, borrowers may now request the forgiveness of PPP loan proceeds by filing an SBA Form 3508S, 3508EZ, or 3508 application. Click on the buttons below to get a high-level overview and eligibility requirements for each of the applications.


Forgiveness Application Due Date:

Borrowers have ten (10) months after the expiration of the borrower’s chosen “covered period” to submit their forgiveness application to MBC.

For example:  If the loan is originated on April 1, 2020, then the “Covered Period” is 24 weeks (which ends on September 16, 2020), unless the borrower chooses an 8 week Covered Period (in which case the Covered Period ends on May 27, 2020).   The borrower then has 10 months from the end of the Covered Period to submit its forgiveness application (July 16, 2021 for a 24 week Covered Period, or March 27, 2021, for an 8 week Covered Period).

PPP Loan Payment Update:

When PPP loans were first made by the bank, applicable law required that payments be deferred for the first 6 months. 

For example:  If the loan was originated on April 1, 2020, principal and interest payments began on November 1, 2020.

The payment deferral period was recently extended under the PPP Flexibility Act and applicable guidance to the earlier of the following:

  • If the borrower submits its forgiveness application to the lender within the required deadline (i.e. 10 months after the expiration of the borrower’s “Covered Period”), then payments are deferred until the first due date after the SBA remits to the lender the forgiveness amount. 

For example: Assuming the borrower selects the 24 weeks Covered Period for a loan originated on April 1, 2020, if the borrower submits its forgiveness application by July 16, 2021 (from the Forgiveness Application example), then the borrower is not required to make a payment until such time that the SBA remits to lender the forgiveness amount.  Since the lender is given 2 months to process the forgiveness application and the SBA is given 3 months to remit the forgiveness amount to the lender, the borrower’s first payment could be deferred up to December 16, 2021.

  • If the borrower fails to submit its forgiveness application within the required deadline, then the first payment is due on the first due date after the expiration of the forgiveness application deadline. 

For example:  Using the above example, if the borrower fails to submit its forgiveness application by July 16, 2021, then it must start making payments on the next due date after July 16, 2021.  Assuming payments were due on the 1st of each month, the borrower would begin making payments on August 1, 2021.

More Details found HERE.  

This guidance is subject to change based on future SBA guidance.

Full Forgiveness Platform
Updated First Draw FormsSecond Draw FormsOverview of Second Draw PPP LoansOverview of First Draw PPP Loans