PPP Forgiveness

We’re here to help you overcome the obstacles that stand in the way of your goals and persevere through trying times.

Aiming to help small businesses who have been severely impacted by Coronavirus.

For more than 60 years, Northern Bank has been a trusted partner and source of strength for our communities and customers we serve. We have earned the trust and confidence of our clients by working diligently and collaboratively with them when they face both challenges and opportunities.

The coronavirus pandemic presents new and different challenges for all of us, but as always, we are here to help our customers overcome the obstacles that stand in the way of their goals and persevere through trying times.

Northern Bank Portal Is Open for Both First and Second Draw PPP Forgiveness Applications

Northern Bank has created a portal to allow borrowers to submit all of the documents needed to process their SBA PPP forgiveness application. It mirrors the information laid out in the SBA’s PPP forgiveness application. As a reminder, in order to know what information you need to apply, you must read the full instructions and FAQs provided by the SBA before logging in to the application portal. We recommend consulting with your attorney or accountant for advice on your application.

How-To Apply Guides

The following How-To Apply Guides are for Northern Bank clients to walk you through all of the steps when applying for PPP loan forgiveness through our portal:

How to Apply Guide

Form 3508

Standard application

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How to Apply Guide

Form 3508S

For borrowers with PPP loans of $150,000 or less

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How to Apply Guide

Form 3508EZ

For borrowers who did not reduce employee levels, wages or hours; or for borrowers who are self-employed with no employees

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Allowable Expenses

In addition to payroll costs, mortgage interest, rent, and utilities, the following expenses are eligible for for forgiveness for both first and second draw loans.
Operation Expenditures

Payments for business software or cloud computing service for operational needs.

Property Damage Costs

Property damage caused by public disturbances in 2020 that were not covered by insurance.

Supplier Costs

Payments to suppliers for goods essential to operations pursuant to contract in place before PPP loan is made.

Worker Protection Expenditures

Payments for PPE or business adaptations to comply with COVID-19-related governmental regulations.

SBA PPP Forgiveness Updates

Simplified Forgiveness Application

For loans $150,000 or less

  • Simplified, one-page certification attesting to the accuracy of information provided and that borrower complied with requirements of Program.
  • Borrowers do not need to submit additional supporting documentation (but must retain that documentation), provided that borrowers substantiated the 25% gross receipts reduction at the time of initial second draw application.
covid-19 EIDL Loans and Advances

(This is not a Northern Bank program.)

The deadline to apply for a COVID-19 Economic Injury Disaster Loan (EIDL) from the SBA is December 31, 2021 (but businesses should apply as early as possible). The maximum loan amount is $2 million. If you applied for an EIDL loan when the maximum amount was $500,000, you may be eligible to apply for an increase. COVID-19 EIDL applicants located in low-income communities may also be eligible for up to $15,000 in targeted EIDL advances. The deadline to apply for an advance is also December 31, 2021. Please check the SBA’s website for more information on these programs.

Important Reminders

  • Terms and conditions are subject to change.
  • Check back for updates.
Be aware and protect yourself from scams

Northern Bank will not ask for confidential information—such as your name, password, PIN or other account information—if we reach out to you. See the Federal Trade Commission’s advice.

*All loans are subject to other requirements and availability of funds under the SBA program. Funds are limited.

This information is accurate and updated as of 11.30.2021. Terms and conditions are subject to change.

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