COVID-19 Small Business Resource Programs
April 1, 2020
mBank is committed to helping the small businesses in our communities who need assistance with COVID-19 loan relief programs. We remain in sound financial condition with strong levels of capital and liquidity to serve your financial needs and our dedicated and experienced staff is here to help you through this challenging time.
The newly enacted federal Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a variety of additional emergency relief programs for businesses, including the Paycheck Protection Program (PPP). These programs will be available for many small to medium-sized businesses in our communities with guidance provided by the Small Business Administration (SBA).
mBank will be a primary processor for the PPP loans as a Preferred Lender Partner of the SBA. We will be accepting applications for this program beginning April 3, 2020. mBank is well versed with the SBA and has been a strong producer for many years. It is our goal to help as many businesses as we can, and we will do our best to facilitate these loans as quickly as we can through the SBA process.
The following pages summarize each of the resource programs that may be available to your business. Please call your local mBank lender if you have been impacted to discuss your options. You can view a list of our lenders’contact information here. Additional customer and community resources, are also available at bankmbank.com/covid-19. Here you will find more information about your current banking options and answers to questions you may have about these services.
As we collectively navigate these uncertain times, the safety and well-being of our employees, customers, and the communities we serve remains our top priority. We remain focused on continuing to provide these essential services to you. Stay healthy. Stay safe.
Kelly W. George
President and CEO