Complete forgiveness of most first-round SBA PPP loans
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 27 Jan 2021
- Due
- 30 Jun 2021
- Delivered
- 30 Jun 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The Company expects to have most of its SBA PPP first round loans forgiven by the end of the second quarter 2021.”
What we found
Evidence strength A What the grades mean
As of June 30, 2021, the company had received loan forgiveness on 80% of its first-round SBA PPP loans, fulfilling its commitment to have most loans forgiven by the end of the second quarter.
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A Altabancorp 8-K filed 2021-07-28
“The Company has filed 274 forgiveness applications, (approximately 82%) with the SBA, totaling $69.3 million and has received loan forgiveness on 267 loans, totaling $66.1 million, or 80% of all SBA PPP loans funded.” ✓ confirmed on the page
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Regulatory other
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- SBA PPP first round loan forgiveness
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: SBA loan forgiveness process
- Depends on
- Regulatory
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “no_evidence”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the recorded outcome.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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