Despite living in uncertain times, you can take comfort in knowing that Marine Bank, a community institution since 1997, is here to help you and your business through this pandemic.
SBA/PPP Loan Program
The Small Business Administration (SBA) Paycheck Protection Program (PPP), part of the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act, has allocated $670 billion for American small businesses impacted by the Coronavirus. Click here for updates on the SBA's Paycheck Protection Program (PPP).
As of May 5, 2020, Marine Bank had processed approximately 624 PPP loan applications totaling more than $56.5 million. Based on information provided by the applicants, this will fund payroll for more than 6,000 employees in the community for the next 2 months!
Marine Bank is proud to have assisted several small businesses in navigating the system and securing relief funding that will keep their employees on their payroll. Hear their stories.
Additional Information, Tips, and Resources
Supporting Our Local Heroes
Marine Bank has partnered with local businesses to provide lunches to those working on the frontlines, keeping us safe, or providing essential services. #ThankYou