M & T Bank Helping You Get It Right
Chris Pierson • April 10, 2020
Any Mistakes May Put The Forgivable Portion of Your Loan In Jeopardy
M&T Bank understands the importance of the PPP loan to you, your company and the community. Due to this understanding it is imperative that M&T gets the process right. Any mistakes may put the forgivable portion of your loan in jeopardy.
The SBA guidelines were finally released last night after 7:00pm ET. M&T along with many other banks including large and regional banks have made the decision to delay the application process until Monday. At that time we will have our digital process, supported by your banker ready to accept applications. This will allow us to collectively get it right.
Over the weekend we expect to have available to you the sample application, document check list, loan calculator and FAQ document which will help prepare you to apply when the online application launches on Monday. We will be available during this time to help answer questions as needed.
We understand the stress the small business community is under. We have no expectations that the $350 billion of funding for this program will run out in the short term and we know the extra few days will serve to benefit all participants in this program.
You can get up to date information regarding PPP applications on the CARES Act Information page
at https://www.mtb.com/help-center/be-informed-business/coronavirus.
We appreciate your continued patience and flexibility as we all navigate these challenging times.
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