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June 12, 2020 - Mechanics Bank is not able to provide information that could be construed as financial or legal advice regarding PPP loan fund proceed usage and/or loan forgiveness eligibility and criteria. Please review the material on the SBA website and/or Treasury Department website for the most complete and timely updated information and documents available. We also suggest borrowers consult an attorney and/or certified public accountant to discuss their particular situation.
We are no longer accepting Paycheck Protection Program loan applications.
PLEASE DO NOT SEND US YOUR LOAN FORGIVENESS APPLICATION YET
It is the Borrower’s responsibility to remain informed of all terms of the loan proceed usage and forgiveness eligibility and criteria as outlined by the SBA and U.S. Department of Treasury. Congress is currently considering a number of additional changes to the PPP program, however, enactment of these changes is not guaranteed. Until any changes are enacted into law or until the Treasury Department and SBA change any regulations and guidance, the current rules as specified on the SBA and Treasury Department website applies to all borrowers.
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