SBA Paycheck Protection Program

Morton Community Bank will be accepting Paycheck Protection Program Applications

The Paycheck Protection Program (“PPP”) is a government program which authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.

Morton Community Bank is an SBA lender accepting applications for the program.  

Applications for the Paycheck Protection Program will be accepted beginning on Tuesday, April 7^th at 8:00am. Please contact a commercial banker to obtain the final application documents, including MCB-specific documents that are required in order to submit an application.

In addition, please see the following information which can help you decide whether you should apply for the program and what the program entails (please note this information was provided by the U.S. Treasury and is current as of April 1, 2020 and is subject to change):

• • •  Paycheck Protection Program Overview (from U.S. Treasury)

    •  Paycheck Protection Program Information Sheet for Borrowers (from U.S. Treasury)

    •  Paycheck Protection Program Borrower Application Form (from U.S. Treasury)

    •  Paycheck Protection Program - Interim Final Rule (from U.S. Treasury)

    •  U.S. Treasury Website regarding Payment Protection Program

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