You may receive an email inviting you to apply directly with the SBA. This email will come directly from an address. If you receive this invitation, you have the option of applying for forgiveness directly on the SBA portal. Only clients who receive this invitation will be able to apply directly. Whether your receive an email from SBA directly or not, our convenient portal is always available to you.

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) was created for small businesses and nonprofits to help pay their employees during the COVID-19 crisis.

We appreciate our clients for choosing Fairfield County Bank to process and service their Paycheck Protection Program (PPP) loans. We are proud to be able to assist you and our community during this difficult time.

Paycheck Protection Program Loan Forgiveness Application

The following online Loan Forgiveness Applications (SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S) are now available through our online portal. The applications for loan forgiveness may be accessed directly through the following link

All applications will be processed through this system to enable tracking and ensure a streamlined and more efficient loan forgiveness request process. We will not be accepting paper applications. We will continue to be available for assistance and look forward to supporting you through the online application process for the forgiveness request.

Important Information about the Online Application Process

PPP Forgiveness Factsheet

Getting Started

You may begin the application process with three (3) pieces of information:
  1. SBA Loan Number*
  2. Taxpayer Identification Number (TIN)
  3. Loan Amount

Applications may be completed in more than one sitting. If you start your application and need to finish at a later time, you may pick up where you left off to complete it.

Supporting documents will need to be uploaded to the online application. Documentation for expenses should be submitted to support only the expenses included in your application. Excess or unnecessary documentation could cause delays in the review and approval process.

Covered Period

A borrower’s covered period is the period beginning on the date Fairfield County Bank disburses the PPP loan and ending on a date selected by the borrower that occurs during the period: (i) beginning on the date that is eight weeks after the date of disbursement; and (ii) ending on the date that is 24 weeks after the date of disbursement. The covered periods for a First Draw PPP Loan and a Second Draw PPP Loan cannot overlap. Further, the borrower must use all proceeds of the First Draw PPP Loan for eligible expenses before disbursement of the Second Draw PPP Loan.

What to Expect After You Submit the Online Application

  • The Bank will make every effort to review the applications on a timely basis, but you can expect the review to be completed within 60 days.
  • Once the Bank requests forgiveness from the Small Business Administration (SBA), the SBA has 90 days to respond to the Bank.
  • Customers will be notified of their status through the application/emails.

Borrowers may submit a loan forgiveness application any time before the maturity date of the loan, which is either two or five years from loan origination. However, if a borrower does not apply for loan forgiveness within 10 months after the last day of the borrower’s loan forgiveness covered period, loan payments are no longer deferred and the borrower must begin making payments on the loan. First Draw Loan forgiveness must be requested before a borrower may submit an application for forgiveness on a Second Draw Loan.

Repayment of any portion not forgiven by the SBA will commence upon remittance of forgiven portion to us by the SBA. The outstanding balance will be repaid over the remaining loan term. PPP Loans approved before 06.05.2020 have a maturity of 2 years from inception and Loans approved on or after 06.05.2020, have a maturity of 5 years. All PPP loans have an interest rate of 1%.

Please visit the SBA website ( for the latest information and contact your accountant for further guidance on the regulations.

Some third party businesses are using information from the court-ordered data release to market themselves to PPP clients.  These communications may reference Fairfield County Bank’s name and may even imply that we have some kind of relationship when none exsists.  In some instances, these businesses are not disclosing that they are unaffiliated with the Bank.  You should be aware that Fairfield County Bank will communicate directly with you about your PPP loan and the forgiveness process.  If you have any doubt that a communication is fraudulent, please reach out to us to confirm if we were the source.

We encourage our PPP borrowers to consult with us, your attorneys, or your accountants directly about your PPP loan and the forgiveness process.  You should be wary of responding to unsolicited communications or sharing information about your PPP loan with businesses or individuals not affiliated with Fairfield County Bank.