If you have qualified for an Economic Impact Payment (EIP) the government might mail you your money on a prepaid VISA debit card beginning this week. The Consumer Financial Protection Bureau has released an informational video for consumers on how they can access their funds. Once the card is activated, consumers may use it to […]
Community Banks Stepping Up and Out
The American Bankers Association (ABA) has released a new video highlighting the ways America’s banks have stepped up to support their customers, and their communities facing unprecedented challenges during the COVID19 pandemic. The video recognizes the efforts of banking employees across the country who are serving as ‘economic first responders’ in their communities, and also […]
Governor Sununu Announces Main Street Relief Fund for Small Businesses
Governor Sununu has authorized the allocation of $400 million in emergency funding from the CARES Act Coronavirus Relief Fund to provide emergency financial relief to New Hampshire small for-profit businesses due to the economic disruption caused by COVID-19. In order to be eligible, a business must have its principal place of business in New Hampshire […]
Money Flipping Schemes On the Rise
There have been reports of a rise in money flipping schemes, targeting consumers who’ve run into financial trouble due to pandemic-related unemployment. Money flipping is an attempt by scammers to lure consumers with promises of a payout. The target of the scam is required to pay a small amount up front in order to earn […]
Information for our Paycheck Protection Program Borrowers
Merrimack County Savings Bank is grateful to have been able to help support you and your business with a Payroll Protection Program (PPP) loan as offered through the CARES Act, and implemented by the Small Business Administration (SBA). Our goal is to do all that we can to assist you through the impact of the […]
SBA Offers Clarity for Approved PPP Borrowers Attempting to Rehire Employees
The Small Business Administration (SBA) and U.S. Treasury have developed new rulings about rehiring of employees that may help small businesses who have been approved for loans through the SBA’s Paycheck Protection Program (PPP), but are struggling to rehire furloughed or laid off employees. Launched last month, the PPP provides small businesses with funds to […]
Scammers Selling Face Masks and Paper Products
The Federal Trade Commission (FTC) is reporting a sharp increase in fraud relating to health and safety items like face masks and paper products. Since the beginning of March, many purchasers have described paying online stores for face masks and toilet paper but never receiving the products that they ordered. Scammers took their money as […]
Limits Placed on Convenient Transfers from a Savings Account Have Lifted
Great news! At a time when events around the coronavirus pandemic have made access to funds more urgent, we are excited to be able to make things a little easier for our customers. You can now make an unlimited number of convenient transfers and withdrawals from your savings account(s), without fear of incurring fees for […]
Funding for Paycheck Protection Program Renewed. Apply Now.
We are thrilled to let you know that the funding for the Paycheck Protection Program has been renewed. We encourage all of our eligible business customers who have not yet applied to do so. We reached out to all customers who applied during the first round of funding via phone and/or email with a status […]
Paycheck Protection Program Resumes Monday at 10:30am
The Small Business Administration has announced that it will resume taking Paycheck Protection Program loans on Monday, April 27th at 10:30am. We plan to begin accepting applications again at that time. Please watch this website and your email for additional information on Monday morning. Thank you for your business. We are all in this together.