PPP Loan Forgiveness
At North Easton Savings Bank, we encourage our PPP loan customers to work with your CPA, bookeeper, and or third-party payroll processing provider to ensure a full understanding of the rules, the accuracy of your forgiveness application, and to collect the correct documentation.
Please review the resources below as they relate to your application and steps to completion, noting which application and process are appropriate for your loan. We recommend that you compile all of your necessary documentation and information before beginning to complete the forgiveness application.
Please know the amount of your PPP loan determines which process and application form is appropriate for you.
PPP Loans $150,000 and Under: Application Form 3508S
If your PPP loan was for $150,000 or less, please complete the 3508S form and application steps. By using the NESB portal, we will pre-populate some of your information to save you time while increasing accuracy. Advanced validation increases the likelihood your application will be processed in a timely manner. The form and directions can be found within the Forgiveness Application Portal linked below.
NESB Forgiveness Application Portal
PPP Portal Compatible Browsers: Google Chrome and Microsoft Edge
PPP Loans Over $150,000: Application Form 3508 or 3508EZ
If your PPP loan was for more than $150,000 please follow the steps outlined in the portal and complete the appropriate application. Kindly note that some businesses with a PPP loan over $150,000 are eligible to complete the truncated 3508EZ application. Please refer to the information outlined below to determine which application and documentation requirements apply to your situation.
By using the NESB portal, we will pre-populate some of your information to save you time while increasing accuracy. Advanced validation increases the likelihood your application will be processed in a timely manner. Please find the link below to access the Forgiveness Application Portal.
NESB Forgiveness Application Portal
PPP Portal Compatible Browsers: Google Chrome and Microsoft Edge
Have a question? We’re here to help!
If you have any questions or would like to hear from us, please don’t hesitate to reach out.