Paycheck Protection Program

SPIRE is helping small businesses and those self-employed by processing paycheck protection program funding.

SPIRE has helped hundreds of businesses with PPP funding.

As of May 5, 2021, the SBA is no longer taking PPP applications from institutions that are not a
Community Development Financial Institution (CDFI) or Minority Depository Institution (MDI).
SPIRE is not a CDFI or MDI.

PPP Loan Forgiveness

The loan forgiveness portal is now open to all PPP borrowers. 
Your application and required supporting documents (if applicable to your PPP loan) must be completed on the PPP forgiveness portal to be electronically sent to the SBA. SPIRE cannot accept paper applications or documents.

Apply for Loan Forgiveness
Borrower Guides
Application Status

Eligible Expenses

Before applying for forgiveness, please make sure that all of the funds have been used. To maximize your PPP loan forgiveness, 60% of the PPP loan must be used towards payroll and 40% towards eligible expenses. Eligible expenses include:

  • Rent.
  • Utilities.
  • Mortgage interest on business loans incurred prior to 02-5-2020.
  • Operations expenses defined as payments for business software and cloud computing services and other human resources and accounting needs that facilitate business operations.
  • Supplier costs defined as payments to a supplier for goods that are essential to the operations of the borrower pursuant to a contract or purchase order in effect before the PPP loan is disbursed or with respect to perishable goods, in effect at any time.
  • Worker protection expenses defined as operating or capital expenditures to comply with public health guidance related to COVID-19, including things like drive-through windows and sneeze guards and the purchase of personal protective equipment (PPE).
  • Covered property damage costs defined as costs related to property damage or looting due to public disturbances in 2020 that are not covered by insurance or other compensation. 


Required Documentation

Supporting documentation may be required for your PPP loan. Even if you are not required to submit any documents, you must retain all documents for six years after the date of the loan is forgiven or repaid in full and provide them upon request.

First Draw loans less than $150,000: No supporting documentation needed.
First Draw loans over $150,000: Provide supporting documentation.
Second Draw loans less than $150,000: Provide documentation showing your 25% reduction in gross receipt.
Second Draw loans over $150,000: Documentation showing your 25% reduction in gross receipts and other supporting documentation.

Supporting Documentation:

  1. IRS Form 941 Employer's Quarterly Tax Return for the covered periods.
  2. IRS Form 941 Employer's Quarterly Tax Return for the covered periods.
  3. IRS Form 941 Employer's Quarterly Tax Return for the covered periods.
  4. IRS Form 941 Employer's Quarterly Tax Return for the covered periods.
  5. Payroll ledgers reflecting each employee’s compensation for the covered periods.
  6. Documentation supporting the 25% reduction in sales.

If you need help with the forgiveness calculation, please contact one or all of the following resources:
Your accountant or CPA
Women Venture
Small Business Development Center

First-Round PPP Loan Applicants
Second-Round PPP Loan Applicants

About the Paycheck Protection Program

In response to the COVID-19 pandemic, the Paycheck Protection Program (PPP) was established by the CARES Act and is implemented by the Small Business Administration with support from the Department of the Treasury. 

This PPP provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.


General PPP Loan Information 
Calculate Your Loan Amount
PPP Frequently Asked Questions
Additional Information from the Department of Treasury


This is not an offer of a loan, it is an invitation to apply. Applying for the Paycheck Protection Program Loan does not guarantee or promise of funding.

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