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SBA Paycheck Protection Program

Existing customers of Dedham Savings may apply for a new SBA Paycheck Protection Program (PPP) Loan or may apply for Forgiveness of a current PPP Loan via the Dedham Savings PPP Portal.

Please review the helpful information below to learn more about either the New PPP Loan Application process and the PPP Loan Forgiveness process.

Updated April 1, 2021

APPLYING FOR A NEW SBA PAYCHECK PROTECTION PROGRAM (PPP) LOAN

The United States Small Business Administration (SBA) has announced it will begin accepting Applications for a New PPP Loan from Dedham Savings and other lenders on Tuesday, January 19th. The Dedham Savings PPP Portal is now open to accept these Applications. Applications completed and signed prior to Tuesday, January 19th will be uploaded to the SBA Portal as soon as it is open. From January 19th on (until funds are exhausted) applications that are complete and signed will be uploaded as they are received.

Important information to be reviewed before beginning your Application for a New SBA PPP Loan:

APPLYING FOR A FORGIVENESS FOR AN EXISTING SBA PAYCHECK PROTECTION PROGRAM (PPP) LOAN

If you received an SBA PPP Loan during the first two rounds of PPP funding (April – August 2020) you may apply for Forgiveness of your loan at any time up to the Maturity Date (two years form the Date of your Loan). Please see the SBA PPP Loan rules and guidelines at www.sba.gov for specific details as to when you will be required to make payments on your loan and other important Terms.

Important information to be reviewed before beginning your Application for a New SBA PPP Loan:

Please review the Forgiveness Portal Borrower Training Video provided by Lenders Cooperative:

PLEASE USE EITHER GOOGLE CHROME OR MICROSOFT EDGE AS YOUR BROWSER TO ACCESS THE PORTAL AS THE PORTAL HAS BEEN OPTIMIZED FOR THESE BROWSERS. Please do NOT use Internet Explorer as this browser is unsupported and is known to cause errors.

This information is provided as a courtesy and should not be considered legal or accounting advice. Nor should this information be relied upon as being complete regarding aspects of the SBA PPP loan program. It is your obligation, as the borrower, to understand the SBA’s rules. Other eligibility requirements may apply. 

As always, please call our Contact Center at (781)-329-6700 or contact us online if you have additional questions.