Paycheck Protection Program: This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. We are working on a checklist (for required documentation) and an application packet. We will post that information here.
EIDL Loan Advance: This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. (links to https://mp.bank/sba-disaster-loans-for-covid-19/)
SBA Express Bridge Loans: Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
SBA Debt Relief: The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.
Mountain Pacific Bank will be helping small businesses in our local communities with these loan programs. If you are out of our geographical footprint you will need to go to your local bank. Details of eligibility and administration of this assistance from SBA are still being addressed by the SBA. We will update this information as we get new information.