CARES Act & Paycheck Protection Program (PPP)
Paycheck Protection Program (PPP) Applications - CLOSED
As of 5:00pm PST on Weds August 5, 2020 Montecito Bank & Trust is no longer accepting Paycheck Protection Program applications.
We are proud to have been able to provide over 1,700 loans to businesses, organizations and self-employed individuals across Santa Barbara and Ventura Counties. Through over $206 million in funding, our teams helped support over 22,000 jobs across our Central Coast communities.
PPP Forgiveness Program
We will begin our Forgiveness Program in mid-September, shortly after the SBA opens their program on August 10th. When our program is open our specialists will contact each borrower directly. Having funded over 1,700 PPP loans, we anticipate a high volume of Forgiveness Program activity and have designed a process to help streamline the program. We ask that borrowers wait to receive a call and/or email from one of our specialists, instead of calling or emailing the Bank directly, so that we can most effectively manage and deploy our program. We appreciate your cooperation and patience throughout this process.
You can review our FAQ here, should you have questions about the Forgiveness Program. We continue to monitor the U.S. Department of the Treasury and the Small Business Administration websites for updates as, and if, they occur. Our Relief Center Team will continue to update the FAQ as necessary to reflect updates.
We understand this is a challenging time for many across our communities, and we are proud to be able to stand with and in support of our Central Coast communities during this unprecedented time. Thank you for your patience throughout this process, and please stay safe and healthy.
Additional resources can be found at the U.S. Department of the Treasury.
MB&T COVID-19 Loan Relief Center
1(833)-MBT4SBA or 1-833-628-4722
Monday – Friday: 9:00am – 2:00pm