Paycheck Protection program (PPP)
Marion Bank & Trust would like to thank you for your continued patience as we have worked through forgiveness preparation. At this time, we are happy to announce that we are now accepting applications for forgiveness for all loans LESS THAN OR EQUAL TO $50,000.
For those loans LESS THAN OR EQUAL TO $50,000, please go to www.sba.gov to obtain the proper forgiveness application and instructions. Once completed, please forward the application and ALL supporting documentation to your local relationship manager. Please note, that Marion Bank & Trust will have up to 60 days to conduct a review of the items submitted and upload to the SBA Forgiveness Portal. At that time, SBA will have up to 90 days to review the materials and issue its final decision.
Marion Bank & Trust will continue to accept applications for forgiveness for all loans GREATER THAN $150,000, as well.
For those loans GREATER THAN $50,000 and those LESS THAN OR EQUAL TO $150,000, Marion Bank & Trust continues to monitor pending legislation that will streamline the forgiveness process for loans of this size. Therefore, we are not accepting applications for loans of this size at this time. Please continue to monitor our website for additional information and updates on the process for these loans.
Thank you for your patience as we work through this continually changing program. And, thank you once again for allowing Marion Bank & Trust Company to assist your business during this time.