If you would like to apply for a Paycheck Protection Program Loan: Congress recently re-opened the Paycheck Protection Program (PPP) for first time PPP borrowers. If you would like to apply, please contact your local branch.
Please note: The deadline to submit a completed PPP application to Beneficial State Bank is Friday, July 24th to allow sufficient processing time before the program ends.
If you are a current Paycheck Protection Program borrower: We are currently building an online forgiveness application. We continue to await additional guidance from the SBA and Treasury that is necessary to begin the forgiveness process.
In the interim, we recommend that you consult with your CPA, counsel, and/or payroll company for help preparing for the forgiveness process. Additionally, you can familiarize yourself with the forgiveness application forms that were recently released by the SBA and are available on the US Treasury Department’s website.
Please note: We cannot accept forgiveness applications via email, mail, or in person. Please do not send PDF copies of these forms.
To allow for all PPP applications received to date to be processed in advance of the SBA’s deadline, we are no longer accepting new PPP applications.
- We are currently building an online forgiveness application process. Continue reading Your loan officer will contact you when the online forgiveness application process becomes available