Paycheck Protection Program
For more information connect with us at: sbapayprotect@mstreetbank.com
UPDATE:
Businesses in the following areas may now apply directly to the SBA for working capital assistance:
Washington, DC
Virginia: Alexandria, Arlington, and Fairfax
Maryland: Montgomery and Prince George's County
- SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
- For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice
@sba.gov.
As a community bank, we understand the challenges faced by small businesses and start up organizations when it comes to qualifying for financing. That's why, MainStreet Bank can provide SBA loans that are backed by the Small Business Administration.
While MainStreet Bank offers numerous loans and financing options, your dedicated loan officer will work with you to determine which loan program is best fitted for your needs. Our SBA loans include:
SBA 7(a) Term Loans
504 Term Loans
Express Lines of Credit
SBA Veterans Advantage Loans
CAPLines
Additionally, MainStreet Bank offers a full range of commercial banking products to compliment our SBA lending solutions.
