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For questions regarding Paycheck Protection Program (PPP) Loans, visit our PPP Loans page.


We recognize the events of this year have introduced a number of challenges for our local Seacoast business community - moving many of you to request a PPP loan. We want you to know our dedication to our communities is stronger than ever. We created this page to help you complete your PPP Loan Forgiveness process and answer any questions you may have. If, for any reason, you still need clarification or additional assistance, please do not hesitate to contact us or call us at 866.795.5298.

Ready to begin the PPP loan forgiveness process? Review Understanding the Loan Forgiveness Process and click here to get started.


Understanding and Preparing for the PPP Loan Forgiveness Process


• Determine if you’re ready to begin - Once you have exhausted the proceeds of your PPP loan and can provide supporting documentation, you are ready to begin the loan forgiveness process.

• Review application types - Please review the following applications for forgiveness to help determine which type you should use:


3508S Application

Available to borrowers for loans up to $50,000 and whose total PPP loans are under $2MM for affiliated businesses.


Download Sample Application


3508EZ Application

Eligible to self-employed, independent contractors, or sole proprietors with no employees/did not reduce the salaries or wages of their employees by more than 25%/did not reduce the number or hours of their employees.

Download Sample Application


3508 Application

All other borrowers should use the 3508 form, although this form is available for all to use.



Download Sample Application

• Gather Documentation - Once you have determined your application type, download and complete a sample application and gather the required documentation. Seacoast will not collect this application, but will assist you in submitting your formal application through the customer portal.

• Required Documents - The documentation of how you utilized the proceeds of your PPP loan is an important part of the loan forgiveness process. While the documentation requirements are subject to change, you should submit documentation to support:

- Numbers of employees on your payroll and their rates of pay

- Records of expenses including payroll, mortgage, lease and utilities payments



• Contact Seacoast Bank - When you are ready to apply for PPP loan forgiveness, contact us or call us at 866.795.5298 to start the process. You will then be sent an email with customer portal instructions.

• Customer Portal - Using the online customer portal, you will be able to apply for loan forgiveness and submit the required supporting documentation.



• Bank Validation - We will review and validate your PPP loan forgiveness application and contact you if there are any questions. We have 60 days after submission of your completed application* to action your request. Once our validation is complete, we will forward your application to the SBA. If needed, you will be contacted to discuss any anticipated balance remaining on your loan.

*An application is considered complete when all supporting documentation is received.



• SBA Decision - The SBA has 90 days to make a decision on your loan forgiveness application. If any part of your loan is forgiven, the SBA will submit payment directly to Seacoast Bank.




Economic Injury Disaster Loan (EIDL)

The latest COVID-19 relief bill repealed the requirement for SBA to reduce a Borrower’s loan forgiveness amount by the amount of an EIDL Advance received. The Forgiveness platform has been updated to reflect this and will not deduct the EIDL advance amount from SBA forgiveness payments.

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Loan Necessity Questionnaire

If you borrowed more than $2 million in PPP funds, the SBA requires that you complete special documentation. A banker will work directly with you to execute these required forms.


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In the event that the entire proceeds of your PPP loan were not utilized for payroll or operating expenses, you may have an outstanding loan balance after the SBA has made any payments on your behalf. If this is the case, a banker will work directly with you to execute any necessary documents.

Ready to Begin? Let's Get Started >>


Questions? Please do not hesitate to contact us or call us at 866.795.5298.