Status – January 20, 2021
On January 19, the SBA released guidance to assist businesses in calculating their revenue reduction and payroll costs (and the relevant documentation that is required to support each set of calculations) for purposes of determining their eligibility for and amount of a Second Draw PPP Loan. We have modified the requirements in the PPP Borrower Documentation Checklist to conform to this guidance. Please review the SBA Second Draw Calculation and Required Documents Guidance and PPP Borrower Document Checklist for the most up to date information.
Atlantic Capital is now accepting applications for First and Second Draw PPP loans.
Who Can Apply
At this time, Atlantic Capital is only accepting Paycheck Protection Program (“PPP”) loan applications from existing clients.
How to Apply
Atlantic Capital only accepts online applications. For optimal performance, we recommend using Google Chrome or MS Edge.
If you previously received a PPP loan from Atlantic Capital, you should have received an email with a link to our online PPP application. If you did not receive this message or have not previously received a PPP loan from Atlantic Captial, please contact your Relationship Manager.
For More Information about the PPP
Please use the Quick Links on this page for information about the PPP, including a Document Checklist to assist you in preparing your application. Visit the SBA website for complete details about PPP rules and requirements.
Will Atlantic Capital still accept my forgiveness application?
While we wait on further guidance from SBA on how to make the changes to the PPP forgiveness process available to our clients, Atlantic Capital has temporarily paused the acceptance of new PPP forgiveness applications. If you have already submitted a forgiveness application that is still under review, we will contact you to discuss your options. If you have extenuating circumstances that drive a need for specific timing of your forgiveness application, please contact your Relationship Manager to discuss your specific situation.
We will continue to provide you with the latest information as it is available. Please visit this website at your convenience for the latest program updates.
SBA Coronavirus Relief Options
Overview of PPP continuation and other small business support as of 1.5.2021