We are committed to supporting our business owners and the community during this uncertain time by offering assistance and sharing important information that could be beneficial to you.
On Friday, March 27, 2020, Congress passed a $2 trillion federal stimulus package which includes the Coronavirus Aid, Relief and Economic Security (CARES) Act. Among many other provisions, the CARES Act features a Paycheck Protection Program which is designed to assist businesses with certain expenses.
We are here to help your business understand the CARES Act with videos, articles, and conference calls, to break down the new regulation with a focus on the Paycheck Protection Program.
Paycheck Protection Program loan application
Tips for Applying for a Paycheck Protection Program loan
Refer to this What You Need to Know Get Started presentation explaining what documents you need to apply for a Paycheck Protection Program loan and how to submit your application.
Paycheck Protection Program government resources
Read more from the U.S. Department of Treasury about how the Paycheck Protection Program can support your business.
CARES Act M&T Conference Call Replay
Listen to the replay of an important call, hosted by M&T Bank’s Head of Business Banking Eric Feldstein. Eric is joined by M&T’s SBA Lending Manager Christina Smaczniak, Head of Business Product Management Sean McCabe, and Head of Federal Government Relations Lauren Tennes.
Recorded: March 27, 2020
Duration: 26:26 mins
Economic Injury Disaster Loan Program
An alternative to the Paycheck Protection Program offered under the CARES Act is the Economic Injury Disaster Loan Program, offered directly through the Small Business Administration. Use our easy-to-follow guide, “What is an Economic Injury Disaster Loan?” (PDF) to learn more and how to apply.
If you have questions about business financing or loan assistance:
- Call your local Branch Manager
- Call your Relationship Manager
This is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. Please consult with the professionals of your choice to discuss your situation.