We want to make sure that everyone has an opportunity to apply for the SBA PPP loan, and are happy to help you in any way we can.
Most large banks are now processing the SBA PPP Loans. We have discovered, however, that they are requiring different documents. Several banks have portals on their website to complete the application process.
Banks now accepting loans are:
Avidia Bank – Put your email in their website
Bank of America – Log in with your business credentials
Citizens Bank – Now accepting applications from established clients
Eastern Bank – Now accepting applications from established clients.
Enterprise Bank – Now accepting applications from established clients
Middlesex Bank – Portal reopening on Wednesday 4/8/20
Santander Bank – Now accepting applications from established clients
St. Mary’s Credit Union – Now accepting applications from established clients
TD Bank – Now accepting application from established clients
Here is a list of the most frequently requested documents.
- 940 for 2019 (annual return)
- 941s for 2019 (quarterly returns)
- 941 for 1st quarter of 2020 (quarterly return)
- Unemployment amount paid in 2019
- Monthly Payroll Expenses report
- Utility expenses
- Rental expenses
- Mortgage Interest expense
- Cost of employer paid health insurance
- 2019 Profit and Loss statement
- NAICS Code (google it to get your business type code)
- Bank checklist required by some banks
- Cost of employer paid health insurance
If you need assistance, or additional payroll reports including a Payroll Expenses report by month, please reach out to your Payroll Specialist.
If you use Employer on the Go, you can generate the reports yourself from the Report Wizard.
We wish you and your families continued good health. We will get through this together.
Leslie, Greg, Judy, Melissa
