Electronic Solutions Support
(570) 421-0531
(855) 713-8001
At ESSA Bank & Trust, we want to keep our valued customers informed. On this page you will find late-breaking news related to COVID-19 and its impact on you, your business, and your valued relationship to us.
To help you prepare for the forgiveness application process, please familiarize yourself with the applications and instructions released by the SBA. As a PPP loan customer of ESSA Bank & Trust, you will be contacted with further instructions as to how to submit your application and supporting documents to us for processing.
For loans $150,000 or less:
"EZ" application (see included instructions for requirements):
General application:
Please review ESSA Bank and Trust's PPP Loan Forgiveness Information document for details on loan forgiveness basics, the loan forgiveness process, eligible and non-eligible payroll costs, and additional items to keep in mind.
For more information, please consult the following from the SBA:
The Paycheck Protection Program (PPP) reopened January 11, 2021 for new borrowers and certain existing PPP borrowers. Learn more at the U.S. Department of Treasury: SBA and Treasury Announce PPP Opening; Issue New Guidance
The latest round of COVID-19 relief authorizes more than $900 billion in economic aid to small businesses and consumers. Included in the legislation is an additional $284.6 billion in Paycheck Protection Program (PPP) funding for loans to small businesses, including for borrowers who have previously received a PPP loan.
While based on similar principals as the first round of PPP funding under the CARES Act, the second round of PPP has some key differences as summarized below.
Limited Eligibility for Second Draw PPP Loans:
The Second Draw of PPP loans are available to borrowers that previously received a PPP loan. Your first PPP Loan is not required to have been with ESSA. Second Draw PPP loans are limited to businesses that:
Maximum Loan Amount:
Borrowers of a Second Draw PPP loan have an option to calculate the maximum loan amount by multiplying the borrower's average total monthly payroll in (a) the one-year period prior to the date on which the loan is made, or (b) calendar year 2019, by 2.5x. The maximum loan amount has been reduced from $10 million in the first round to $2 million. Similar to the first round, seasonal employers calculate their maximum loan amount differently. Note that the $2 million cap does not apply to first-time borrowers, that cap remains at $10 million.
Maximum Loan Amounts for the Hospitality Industry:
Borrowers of a Second Draw PPP loan that have an NAICS Code beginning with 72 (typically restaurants and hotels) are permitted to use a 3.5x multiplier of their average monthly payroll costs to calculate their maximum loan amount, subject to the $2 million cap.
Revenue Reduction and Payroll Cost Calculations:
The SBA has provided guidance for calculating revenue reduction and payroll costs, and the required documentation to support such calculations, in order to determine the eligibility and amount of a Second Draw PPP Loan. For customers seeking a second PPP loan, please review the following document: Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide.
For sole proprietors and other borrowers that file IRS Form 1040, Schedule C, key provisions of the SBA's Interim Final Rule (IFR) as of March 3, 2021 are:
We are now accepting PPP loan applications from customers in our market area. Please see the following two documents for reference:
After reviewing the above documents, please use the following link to establish an account and begin your application with ESSA:
Note: Current PPP loan applicants with ESSA should continue with their loan forgiveness process through their assigned Relationship Manager.
ESSA realizes that many of our customers may be struggling to pay their loans during these unprecedented times. We are available to discuss how we can assist our Mortgage, Home Equity, Auto, and Consumer Loan customers. Please click here to learn more.
Please see the details below for our current hours of operation at each of our locations. Also note that until further notice, in accordance with Pennsylvania state regulations, everyone entering our facilities must wear a face mask.
Please find your local branch in the charts below. As of July 27, branch lobby access is by appointment only.
Drive-Up Access & Branch Hours by Appt:
Mon-Fri 9am-5pm
Sat 9am-Noon, Sun Closed
11 N Main St, Alburtis, PA 18011
1881 Rt 209, Brodheadsville, PA 18322
75 Washington St, E Stroudsburg, PA 18301
5120 Milford Road, E Stroudsburg, PA 18302
2415 Park Ave, Easton, PA 18045
744 Main St, Stroudsburg, PA 18360
2826 Rt 611, Tannersville, PA 18372
1430 Jacobsburg Rd, Wind Gap, PA 18091
Drive-Up Access & Branch Hours by Appt:
Mon-Thurs 9am-4pm, Fri 9am-5pm
Sat 9am-Noon, Sun Closed
8045 W Chester Pike, Upper Darby, PA 19082
Branch Hours by Appt (No Drive-Up Available):
Mon-Fri 9am-5pm
Sat-Sun Closed
600 Hamilton St, Allentown, PA 18101
358 S Walnut St, Bath, PA 18014
418 W Broad St, Bethlehem, PA 18018
76 S Main St, Nazareth, PA 18064
Drive-Up Access & Branch Hours by Appt:
Mon-Fri 9am-5pm
Sat-Sun Closed
249 Rt 940, Blakeslee, PA 18610
975 Rt 390, Cresco, PA 18326
6302 Rt 309, New Tripoli, PA 18066
Drive-Up Access & Branch Hours by Appt:
Mon-Thurs 9am-4pm, Fri 9am-5PM
Sat-Sun Closed
227 W Lancaster Ave, Devon, PA 19333
354 W Lancaster Ave, Haverford, PA 19041
48 W Marshall Rd, Lansdowne, PA 19050
Branch Hours by Appt (No Drive-Up Available):
Mon-Fri 9am-4:30pm
Sat-Sun Closed
300 Mulberry St, Suite 100, Scranton, PA 18503
1065 Highway 315, Wilkes Barre, PA 18702
The following 15 branches have drive-up access. See our Locations page for local phone numbers and directions.
As of July 27, 2020, appointments should be made for services that cannot be conducted using drive-up service, online banking, mobile banking, ATM, remote deposit or night deposit. Please call your local branch and schedule an appointment to:
We strongly encourage you to use ESSA Bank & Trust’s digital banking solutions for 24/7 self-service account access. Our digital banking solutions provide access to your accounts utilizing our ESSA Mobile app or online banking. Either solution provides you the ability to view transactions, check balances, transfer funds, deposit checks (available through the mobile app), schedule payments and so much more. To learn more about our online & mobile banking solutions, please visit: https://essabank.com/personal/online/
Please call your either your local branch, (570) 421-0531, or (855) 713-8001 (toll free).