Paycheck Protection Program (PPP) Updates

Latest Update, 11/5/21: 
As the PPP Loan Forgiveness Process continues to evolve, we will update information here


FORGIVENESS APPLICATIONS

Enterprise Bank has set up a secure website portal to allow our customers to fill out their PPP Loan Forgiveness Application online, and the portal will also enable you to share the required documents supporting your payroll and non-payroll expenses which qualify for forgiveness.  PPP Loan Forgiveness Application portal invitations are being emailed to our PPP customers monthly from the email address ebinfo_cllsnoreply@ebtc.com, until we receive your PPP loan forgiveness application.  If your PPP loan is $150,000 or less you will be invited to use the Form 3508S forgiveness application which has been greatly simplified and does not require supporting expense documentation to be provided with the application.

Before you begin, please carefully read the document titled “Strategies for Success to ensure you can receive the maximum forgiveness for which you are entitled. You should also gather the supporting documents necessary to process the forgiveness application. All PPP Loan Forgiveness Applications must be submitted through the online portal. Our portal will walk you through each of the steps necessary to complete your PPP Loan Forgiveness Application. There are “Help” buttons throughout the portal to guide you through the application.

You may designate an authorized representative to fill out the PPP Loan Forgiveness Application on your behalf, by logging in to the portal and entering the name and address of that authorized representative in the designated spaces on the first page of the application form, and then click on the "Save and Exit" button. A link to the portal will then automatically be emailed to your authorized representative.

In order to submit your PPP Loan Forgiveness Application, please go to our PPP Loan Forgiveness Application Portal using this link: https://loanforgiveness.enterprisebanking.com/forgiveness/getting-started and enter your SBA loan number in the space provided on the Portal home page. Once you enter your SBA loan number, you will be prompted to enter a one-time verification code which will be emailed to you. That 6-digit verification code can be used for 5 minutes. When you receive it please enter the verification code to access your PPP Loan Forgiveness Application.

The portal is best viewed using one of the following internet browsers: Chrome 60 or greater, Firefox 55 or greater, Microsoft Edge (Chromium Based). Also Supported - Internet Explorer 11 and Microsoft Edge Legacy. The Safari browser is not recommended. Once you complete your application and submit it, along with the required supporting expense documents, we will review the information you have provided and submit it to the SBA on your behalf. Given the complexity of some of the qualifying expense calculations, we strongly urge you to coordinate this process with your CPA or professional financial staff.

For any questions regarding your PPP Loan Forgiveness Application, please contact your Enterprise Banker.

We truly value your relationship and look forward to helping you.

Strategies for Success 

Before you begin your application for loan forgiveness, view tips for a successful submission and items needed to submit your forgiveness application. Click here.

Forgiveness Application Instructions
Download and print the 3508 Application Instructions. Click here.
Download and print the 3508EZ Application Instructions. Click here
Download and print the 3508S Application Instructions. Click here.
Download and print the 3508D Form (Borrower’s Disclosure of Certain Controllng Interests)Click here.

 

Additional Resources

The Economic Aid Act signed into law on December 27, 2020, authorized additional debt relief payments to SBA 7(a), SBA Express Loans and SBA 504 loan borrowers beyond the 6-month period prescribed in the CARES Act.

For information about the SBA Debt Relief Program which may assist with payments on your existing SBA Loan(s), please Click here to learn more.

For general resources relating to COVID-19 visit our resource page by Clicking Here.

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Leaving Site Confirmation