If you are ready to apply for PPP Forgiveness, please visit our website with the latest guidance and application instructions here.
By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.
Credit Card Login
We will begin accepting PPP Forgiveness applications in early June for the second stimulus package. As a reminder, this is NOT a first-come, first-serve situation. Apply only after you have expended all your SBA PPP funds and are ready with the required documentation. If needed, you have up to 10 months after your chosen 8 to 24 week Covered Period to complete this process.
If you haven’t completed forgiveness for the first PPP package (2020) and cannot locate your emailed application, please reach out to PPPForgivenessTeam@machiassavings.com.
We have established a team of people to walk you through your forgiveness process. Our team can be reached through email at PPPForgivenessTeam@machiassavings.com. We are here to answer any and all questions regarding your process. If we don’t have an immediate answer, we’ll reach out to obtain one for you.
One of the key roles of the Forgiveness Team is to ensure you provide the correct documentation. If you received a second PPP loan in 2021, SBA will require documentation proving that you had a 25% reduction in revenue. For those of you with loans over $150,000, we have that information on file. If you have a loan under $150,000 and did not provide upfront documentation, we will be requesting materials with your forgiveness application.
General Information Needed for PPP Loan Forgiveness Application:
Please be sure to retain additional documentation for 6 years (If applicable):
Forgiveness Application Walk-Thru Instructions
As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.
Member FDIC. Equal Housing Lender.
Routing Number: 211274531
Wire Instructions for Customers
NMLS Number: 469539
Your privacy is very important to us. We will never trade, sell, or give away your personal information.