The SBA announced that the Paycheck Protection Program will re-open to borrowers the week of January 11, 2021 through small community financial institutions. Unfortunately, this does NOT include Mechanics Bank. The SBA will make the program available through larger community banks and lenders (Mechanics Bank) at a later date to be announced, but expected to be NO SOONER than the week of January 18th.
We will provide our existing clients with the opportunity to apply for PPP Loans (an initial loan or a 2nd draw loan) once we have received the necessary guidance from the SBA. Please continue to visit this web page and check your email for updates. We know how important this is for your business. We appreciate your patience!