Forgiveness Process

Letter to Clients; RE: PPP Forgiveness 7.22.2020

Dear Atlantic Capital Bank Customers,

Many of you have been asking questions about Paycheck Protection Program (“PPP”) forgiveness and we appreciate your patience as we navigate this process.  We will continue to keep you updated as we get closer to accepting applications.

When will Atlantic Capital accept my forgiveness application?

Atlantic Capital is actively working to setup our forgiveness process and we expect to begin accepting online applications in the coming weeks. Legislation has been introduced that would be beneficial to borrowers who received loans of $150,000 or less that could potentially reduce some of the paperwork and documentation required on PPP forgiveness requests. We continue to monitor these proposed legislative changes and await updated guidance from the SBA.

How do I submit my forgiveness application?

Atlantic Capital will only be accepting online forgiveness applications. Upon request, your relationship manager will send you a link to our secure online application portal, which will include step by step procedures to complete your application and upload required documentation.

Please contact your Atlantic Capital relationship manager with any questions.

Sincerely,

Doug Williams

President and CEO

Atlantic Capital Bank