PPP Forgiveness

The Paycheck Protection Program was part of The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). It was signed into law on March 27, 2020 and introduced a funding and loan program with the goal of preventing job loss and small business failure due to losses caused by the Covid-19 pandemic. SBA PPP loan forgiveness is the process by which the SBA will forgive either the balance or a portion of the loan based on the use of the funds and other qualifying factors.

You can apply for SBA PPP loan forgiveness by using our online portal! We are using this portal to have an online, secure way for you to view your loan amount, enter your forgiveness information, and view an automated calculation that displays your potential forgiveness amount.

You can log in by going to https://meridianbank.lenderscooperative.com/ – and entering your EIN/SSN and SBA loan number; you’ll then be asked to verify your loan amount in order to create a new log in (which you’ll then use going forward).

You can find your SBA loan number on your loan documentation. If you don’t have a copy of your documentation, it can be accessed via the original DocuSign email and link that was utilized for your electronic signature. The specific documents that list the SBA number are either the Promissory note and the PPP Loan Disbursement forms that you signed. Note If you don’t have a copy of the documentation or the DocuSign email – feel free to reach out to us, we’re here to help! You can email us at SBAForgiveness@MeridianBanker.com or call us at 1.833.920.0025.

In order to complete the forgiveness application, you must enter and verify the use of your SBA PPP loan funds. In order to complete this, you may want to have your business expense documents at hand – payroll, insurance, retirement, and lease/mortgage information may all be needed to complete the application.

Yes! You are able to save your current info anytime via the ‘Save Application’ button at the top-right of the portal. Once saved, you can then log out and return anytime – knowing that your data will remain there for you to update and add to up until you decide to submit.

You can reset your password via the ‘Forgot Password’ link on the sign-in page, or via this link https://meridianbank.lenderscooperative.com/?org=MeridianBank&password_reset=1.

Our online portal will support either SBA forgiveness application – the first page will ask which you would like to complete.

Yes! You can allow someone else to complete the forgiveness application – as long as they are aware of the information outlined above, they can also create a log in.

Your submitted application will be reviewed by Meridian Bank for completion and accuracy. We may send you a message to ask for a verifying document or clarification on your application. If all is well, we will send you a DocuSign link to electronically sign your final SBA 3508 EZ or 3508 form. Once completed, we’ll submit to the SBA on your behalf.

You can check the status of your application anytime by logging back into the portal via the link above. You’ll be able to see your application status on the left – and also check any messages we may have sent via a link at the top of the screen (near our logo).