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We are limited in our ability to answer questions regarding PPP Loan Forgiveness until your application process begins. At that time you’ll have the ability to email your loan processor, but please note you should contact your preferred financial, tax or legal advisor for any questions about your loan forgiveness. You should also review the information on the SBA and US Treasury websites (links provided above and below). You may contact us before you begin the PPP Loan Forgiveness process at CaresAct@mechanicsbank.com, but please note, due to the large volume of emails we receive each day, you may not receive a response for 48 hours. Thank you for your patience and understanding.
Please see the resources below for help getting started.
U.S. Treasury Website
Interim Final Rule of Paycheck Protection Program as Amended by Economic Aid Act (1/6/21)
Interim Final Rule on 2nd Draw Loans (1/6/21)
SBA releases borrower data and loan details (12/1/20)
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Financial, Tax and Legal Advice - We recommend that you obtain professional advice from your preferred financial, tax or legal advisor before beginning a PPP Loan Application and/or the Loan Forgiveness Application process. The information we are providing on our website is intended to help you navigate either process, and is based on the Bank’s interpretation of laws, rules, regulations, and guidance provided by the SBA and U.S. Department of Treasury regarding the Paycheck Protection Program at the time this page was authored. While the information provided is intended to be accurate it should not be considered, and is NOT INTENDED TO BE FINANCIAL OR LEGAL ADVICE. This page and its content may be updated periodically if there are changes to the Program. As we’ve all seen, the Program is rapidly evolving and the Bank cannot be held responsible for any errors or omissions as a result of this. Please consult the SBA and U.S. Treasury websites for the most up-to-date information. In the event of any discrepancies between the information on our website and the SBA or U.S. Treasury sites, please follow official SBA or U.S. Treasury guidance.