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Paycheck Protection Program (PPP) General Funds Exhausted
Updated May 5, 2021

Please note that that SBA has announced that the PPP loan funds have been exhausted. Manasquan Bank is, therefore, unable to accept any additional applications.

PPP Loan Forgiveness
Updated May 4, 2021

The Paycheck Protection Program (PPP) loan forgiveness application is available for PPP loans funded in 2020 which includes guidance and instructions to help you apply.

  • For loans of $150,000 or less, the simpler forgiveness application will save you time and does not require you to upload documentation.
  • For loans over $150,000, the application provides expanded categories of forgivable payroll and non-payroll items and increased flexibility to maximize forgiveness.

To begin the loan forgiveness process, you must contact your Commercial Lender at (732) 292-8450 or email us at info@Manasquan.bank.

Please understand that depending on when you received your 2020 PPP loan and the covered period you elected, you may be required to submit monthly payments (as early as April 2021) if you have not already submitted your forgiveness application.

To learn more about the SBA’s forgiveness guidelines and other important information, please visit: Small Business Administration (sba.gov).

As a reminder, if you have already applied for PPP loan forgiveness and/or PPP second draw funding, please disregard this message until further instruction is provided.

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