Small Business Administration Paycheck Protection Program
The Small Business Administration resumed the Paycheck Protection Program on January 11, 2021, for the second round of funding. The SBA has a phased reopening plan for PPP applications, starting with community financial institutions (CFIs) and lenders with under $1 billion in assets. The program will open to all lenders on January 19, 2021. Here is what you need to know:
Maine Community Bank, and our Biddeford Savings and Mechanics Savings Divisions, are accepting applications from current customers only. Please contact your business banker directly for more information on the application process.