The Coronavirus Aid, Relief and Economic Security (CARES) Act
Paycheck Protection Program
BMT continues to process applications received prior to May 21, 2020.
Important Notices for all SBA PPP Applicants
- There is no guarantee of funding, even if you had submitted a completed application.
- Incomplete applications and those missing required documentation cannot be processed and will not be submitted to the SBA for funding approval.
- We will attempt to reach you to request missing documentation; however, given the large volume of applications that are being processed, there is no guarantee that we will be able to make such requests prior to the exhaustion of the second wave of the SBA PPP funding.
SBA Paycheck Protection Program Forgiveness
On May 15, 2020, the U.S. Treasury released an application for SBA PPP loan forgiveness. This information is the most recent guidance provided by the SBA and is subject to change.