By clicking on the continue button below, you will be leaving Northfield Bank's web site and linking to an outside web site not operated by Northfield Bank.
Branch Lobbies Are Now Open: click here for modified hours.
Paycheck Protection Program : click here for details about the second round of PPP loans and forgiveness information.
Contact Us
Northfield is committed to helping our customers during these uncertain times and our lending teams are here to assist you and your business through the Paycheck Protection Program and Forgiveness process.
NORTHFIELD BANK IS ACCEPTING PAYCHECK PROTECTION PROGRAM (PPP) APPLICATION REQUESTS
Northfield Bank is now accepting Paycheck Protection Program (PPP) applications. Please read below for information about applying for a PPP loan.
Requesting an Application
Northfield will only accept PPP application requests through our website. Please do not visit a Northfield branch to apply for a PPP loan. Please request your application link by submitting the Paycheck Protection Program Request Form located below. An application link will be emailed to eligible customers who submit the form below.
There are limited funds available for this round of PPP Second Draw and PPP First Draw loans. Although we will assist as many customers as possible, we can provide no assurance we will be able to honor your request for a PPP application. In addition, we can provide no assurances that if we accept your PPP application we will be able to process it, or obtain SBA approval. We anticipate we will only be able to accept a limited number of PPP applications to allow us to timely process applications in the order they are received.
For those who already submitted their First Draw or Second Draw PPP loan application under the Economic Aid Act, the Small Business Administration (SBA) review process will take several days. Please be patient while you wait for loan approval information.
*** Completing the Application - Important ***
After completing and saving the "Documents" page of the application, DO NOT PROCEED FURTHER to the last page of the application titled “Submit and Sign". A Northfield team member will review your application for errors after you complete the Documents page and contact you when you can proceed to the "Submit and Sign" page to finish the application. If you have any questions, please feel free to contact us at ppp.program@enorthfield.com.
Common Application Errors
Below are common errors encountered when completing the application.
Account Relationship
If you do not currently have a Northfield commercial deposit account relationship, one will be necessary to provide your funding, should you obtain a PPP loan through Northfield Bank. Your Northfield commercial deposit account must reflect the same ownership information as your PPP loan request.
Eligibility and Supporting Documentation
Please click here for eligibility information and supporting documentation requirements. Note: If a company a received PPP loan in the first round of funding, there is no requirement to apply for PPP forgiveness before applying for a second PPP loan. However, the legislation does state that the business must have used all funds from the first PPP loan or have plans to use those funds before they may apply for a second loan.
Customer Support
Our PPP teams are available at ppp.program@enorthfield.com or (833) 301-NFBK ext. 4151 for assistance and to help navigate the application process.
Business with 10 or Less Employees or Located in Low-to-Moderate Income Areas
Northfield has dedicated processing teams for small businesses with 10 or less employees and businesses in low-to-moderate income areas. Business owners in either of these two groups must be located in Northfield’s market area, but do not need to be an existing Northfield Bank customer. Businesses will be required to open a business account to fund their Northfield Bank approved PPP loan. Businesses in these groups should submit the Paycheck Protection Program Request Form below and can contact their dedicated PPP Team at ppp.service@eNorthfield.com or (732) 510-4178 for assistance.
Borrowers interested in applying for Second Draw funding under the amended PPP need not submit additional documentation to substantiate payroll costs if the borrower, (i) used 2019 payroll figures to determine their First Draw PPP loan amount, (ii) plans to once again use 2019 payroll figures to determine their Second Draw PPP loan amount, and (iii) the applicant uses the same lender to apply for their Second Draw PPP loan as used to apply for the borrowers First Draw PPP loan.
For PPP Second Drawn funding, most borrowers can apply to receive 2.5 times their average monthly payroll costs, based on 2019 or 2020 payroll costs. Those businesses in the restaurant and hospitality industry, with an NAICS code beginning with 72, can receive up to 3.5 times their average monthly payroll costs.
To qualify for Second Draw PPP loans borrowers must have received a First Draw PPP loan, must have used, or will use the full amount of such First Draw PPP loan on or before the expected date the Second Draw PPP loan will be disbursed to borrowers, and must employ 300 employees or less. For loans greater than $150,000, borrower must submit documentation adequate to establish a revenue reduction (gross receipts) of 25% or greater in any one quarter of 2020 relative to that same quarter in 2019. For PPP Second Draw loans of $150,000 or less, such documentation is not required at time of loan application however, must be submitted on or before the date the borrower applies for loan forgiveness.
Borrowers must be prepared to sign and attest to the validity of the documents listed below prior to uploading as evidence of their revenue reduction information during our online application process. Examples of such documentations are as follows:
Click here for SBA resources related to PPP, recent changes by Congress, and interim final rules related to second-draw loans.
Our PPP teams are available at ppp.program@enorthfield.com or (833) 301-NFBK ext. 4151 for assistance and to help navigate the application process.
Northfield has dedicated resources to assist small businesses with ten or less employees and businesses located in low-to-moderate income areas in applying for the next round of PPP funding.
Dedicated processing teams will assist applicants for these two groups throughout the process and can be reached at ppp.service@eNorthfield.com or (732) 510-4178.
Business owners in either of these two groups must be located in Northfield’s market area, but do not need to be an existing Northfield Bank customer.
The Small Business Administration (SBA) is dedicating resources to help sustain our nation’s small businesses and to support their tens of millions of employees.
The SBA is committed to ensuring access to Paycheck Protection Program (PPP) loans for minority, underserved, veteran, and women-owned businesses.
Northfield Bank encourages minority, underserved, veteran, and women-owned business owners to participate in the PPP. Our PPP teams are available at ppp.program@enorthfield.com or (833) 301-NFBK ext. 4151 for assistance and to help navigate the application process.
How to Apply for Forgiveness
If a Northfield PPP borrower would like to apply for forgiveness, please contact Northfield’s PPP Loan Forgiveness Team at ppp.program@eNorthfield.com or (833) 301-NFBK ext. 4151.
Paycheck Protection Program Flexibility Act of 2020 (PPPFA)
On June 5, 2020, the President of the United States signed into law the Paycheck Protection Program Flexibility Act of 2020 (PPPFA). This act revises the existing rules related to Paycheck Protection Program (PPP) loan forgiveness. Highlights of the act as it relates to loan forgiveness include:
We recommend borrowers monitor these events and consult with their tax advisor, attorney, or business advisor, as appropriate in determining the appropriate time to submit an application for PPP loan forgiveness.
The Small Business Administration (SBA) has issued detailed rules and guidance related to PPP loan forgiveness. The information below is provided as a service to Northfield Bank PPP borrowers and is qualified in its entirety by reference to the appropriate authoritative rules and guidance regarding the PPP and loan forgiveness issued by the SBA, and should not be relied on as authoritative. PPP loan forgiveness guidance is subject to change by the SBA at any time. Please visit sba.gov for the latest information pertaining to loan forgiveness.
Costs Eligible for Forgiveness
Costs listed below are eligible for loan forgiveness. Please visit sba.gov for full details.
Eligible Payroll Costs Incurred During the Covered Period:
Eligible Non-Payroll Costs
SBA Documentation Requirements
Borrowers can take steps to gather documentation to make it easier to apply for forgiveness in the future. Refer to pages 10 and 11 of the SBA Forgiveness Application and Instructions for a list of the documents you will be asked to supply. Such documents may include your payroll software summary, cancelled checks, bank statements, lease and rental agreements, mortgage documents, utility bills, state tax documents, and Federal Form 940/941.
If you are experiencing hardship due to coronavirus (COVID-19) and unable to make your payment on your Home Equity Loan or Line of Credit, we may have options available to assist you.
To be considered for a temporary payment deferral if you are experiencing a financial hardship and unable to make payments as a result of coronavirus (COVID-19), please download the Home Equity/Residential Borrower Relief Request and call (833) 301-NFBK extension 2642 for instructions on how to securely send the form to us.
Please do not email the Request Form until you contact us and we provide the steps to securely transmit the form in order to protect your personal information.
*Note: Not all requests will qualify.
If you are a current Northfield Bank Commercial Loan customer experiencing a temporary hardship due to coronavirus (COVID-19), assistance may be available.
To request assistance, please contact your loan specialist and they will send you a SECURE email with instructions for you to submit your loan application. You can download the Business Borrower Relief Request form to get started, but we will not accept the application unless you are responding to a SECURE email from your loan specialist.
Please do not email the Request Form until you contact us and we provide the steps to securely transmit the form in order to protect your personal information.
*Note: Not all requests will qualify.
Federal and state governments are implementing programs to help businesses during this time of need.
Below is a list of federal and local resources to help your business navigate the programs and aid that are available.