In preparation for applying, it's important to determine when you’ll be eligible to apply and when the right time is for you to apply. Keep in mind your PPP loan payments are temporarily deferred in accordance with the terms of the program. Once you apply for forgiveness, you will have to start making payments on any unforgiven portion of your loan after the SBA remits your forgiveness amount to us or informs us that your loan is not entitled to forgiveness. Please note, interest accrues during the deferral period. The SBA will include accrued interest on any forgiven portion of your loan when they remit payment of your forgiveness amount to TD Bank.