As an SBA Preferred Lender, Arvest respects the vital role small businesses play in our communities. We also want to help you understand your options regarding the forgiveness phase of the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP).

For customers who have exhausted their PPP funds, have proper documentation (PDF) and meet certain requirements (PDF), an electronic process for submitting your application is now available. Please know we will not accept paper or PDF applications.

We continue to monitor proposed legislation that could further streamline the process. Based on the outcome of bills currently under consideration by Congress, it may make sense to wait to initiate the forgiveness phase. Additionally, due to changes in SBA guidance, principal and interest payments for PPP loans may no longer be due seven months after your funding date. Due dates are dependent on other dates and factors.

Please know that all Arvest PPP customers will receive an email with a secured link to the electronic loan forgiveness application in the coming weeks. When applying for loan forgiveness, customers should use the email address indicated in a letter you received on or around Aug. 3.

In the meantime, please remember Arvest’s goal is to deliver the best possible customer experience throughout the loan forgiveness process. Please save the link to this page, which we will update with the latest information and instruction.

Other Loan Forgiveness Requirements

When you apply, you will need to provide documentation for your eligible expenses. If you have questions about eligible expenses, please visit the SBA website* for a complete list.

We want to help make this process as seamless as possible. If you have questions, schedule an appointment for a banker to reach out to you by phone.

Reminder for Economic Injury Disaster Loan (EIDL) Recipients

If you received an EIDL advance/grant ($1,000-$10,000), that amount will be added to your forgiveness gap and must be repaid. When you receive your forgiveness application Docusign package, the PPP forgiveness application will not include the EIDL advance amount. The SBA will review your application and even if you receive full forgiveness of the PPP funds, you will still owe the EIDL advance. As per the CARES Act Section 1110, EIDL advances must be deducted from the loan forgiveness amount.


*A third-party site not operated by Arvest Bank, an FDIC-insured institution. Arvest Bank’s privacy policy and security practices do not apply to the site you are about to enter. Please review the third party’s privacy and security practices.