05/06/2020: Update Regarding PPP Program
Paycheck Protection Program Update
The federal government approved $320 billion additional funding for the PPP. An overwhelming number of PPP applications have been received and approved through the SBA by Mars Bank for commercial businesses. The Bank’s ability to process, fund, and administer these loans is at capacity. Additionally, Mars Bank continues to work with businesses that are accessing other pandemic assistance programs including emergency loans for working capital, deferments and payment assistance (click here to review these commercial customer assistance programs).
For these reasons, Mars Bank has suspended taking PPP applications at this time. Mars Bank is continually monitoring the needs of customers and available resources to support our customers. Please check this webpage regularly for updates regarding the PPP and other bank, state, and federal assistance programs.