SBA Paycheck Protection Program
Please note that as of May 5, 2021, the Small Business Administration has terminated application eligibility for PPP Round 3/Second Draw funding. As this program is funded and administered by the federal government, Dedham Savings can no longer accept applications for PPP Round 3/Second Draw at this time. Applications for forgiveness of a current PPP Loan may still be submitted via the PPP Portal below.
Updated May 5, 2021
APPLYING FOR A FORGIVENESS FOR AN EXISTING SBA PAYCHECK PROTECTION PROGRAM (PPP) LOAN
If you received an SBA PPP Loan 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.
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.