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PPP Loan Forgiveness (1st & 2nd Round)

You may apply for 1st or 2nd Round PPP Loan Forgiveness. We understand how important this is to you and your business. We have created an easy-to-use online application. Click "Get Started" below to begin your forgiveness application.

GET STARTED 

Please note, if you do not apply or are not approved for forgiveness, billing will begin ten months after the forgiveness period ends.

For more information, please visit the SBA website.

How does the application work?

  1. Complete the Online Form to request forgiveness
  2. Upload the required information and supporting detail to accompany the form
  3. After you submit the form, it will be sent to StonehamBank for verification
  4. If there is missing information or additional questions, StonehamBank will contact you via email to supply the information.
  5. After the information submitted is verified, StonehamBank will submit your information to the SBA for approval.
  6. StonehamBank will notify you through email as soon as we receive a response from the SBA regarding your forgiveness request.

The Bank recommends that you engage an independent consultant if you are unfamiliar with the SBA PPP Loan Forgiveness requirements. StonehamBank cannot act as a consultant to its customers for this process. The Bank's role in this process is to review the PPP Loan Forgiveness request and inform a borrower if there is any missing documentation per the SBA and/or submit the information to SBA for approval.

Who should I contact if I have any questions?

If you have any questions, please contact our Payroll Protection Team at 781.481.5721 or email

Please review the instructional videos* below prior to starting the SBA PPP Loan Forgiveness process; these videos are here to assist you in starting the process.

*Please note instructional videos are not compatible with Internet Explorer browser. 

Authentication & Application

Document Upload

eSigning

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