It’s a good idea to review your credit report at least annually. Doing so can help you pick up on and resolve any inaccuracies, errors, or other issues, such as identity theft, sooner. Monitoring your credit during uncertain times, like the COVID-19 pandemic, can also give you peace of mind about your financial health. That’s […]
Small Business Administration Offering COVID EIDL Loans for Small Businesses
The SBA (Small Business Administration) has announced the COVID EIDL (COVID-19 Economic Injury Disaster) Program loan, a low-interest, fixed-rate, long-term loan, intended to help eligible small business applicants overcome any negative financial effects brought on by the pandemic. The COVID EIDL Program loan, developed and managed entirely by the SBA, provides working capital to eligible […]
The Merrimack is Still Processing PPP Loan Forgiveness Applications
As a service to our customers, Merrimack County Savings Bank is still happy to help with your Forgiveness Application. You may have heard that the SBA is now accepting direct Forgiveness Applications from PPP borrowers. However, we have decided to opt out of the SBA direct option, as we believe it’s important to continue to […]
Landlords & Renters: Find Help For Rent & Utilities
If you are a renter struggling to pay rent or a landlord having trouble keeping up with other bills due to the pandemic, you may qualify for assistance. NH Emergency Rental Assistance and Rockingham County Emergency Rental Assistance Programs are working locally to distribute federal rental assistance in our communities to keep local individuals and […]
SBA Announces Paycheck Protection Program Extension Act Has Been Exhausted
As of Tuesday, May 4, the SBA announced that the funding for the Paycheck Protection Program Extension Act had been exhausted, and the PPP application portal will stop accepting applications for loans. Regrettably, we are unable to take any new PPP applications at this time. The SBA will not accept applications in progress or waiting […]
Restaurant Revitalization Fund Launches for Businesses In the Food Industry
We want to be sure you are aware of the new Small Business Administration (SBA) Restaurant Revitalization Fund (RRF). The RRF is essentially a grant and not a loan. The program is being run directly through the SBA. While the bank is not involved in the process, we want to be sure you were aware […]
Check the Status of Your Economic Impact Payment with the IRS Get My Payment Tool
The US Treasury has begun to deliver the third round of Economic Impact Payments (EIP) to eligible Americans. For most recipients, no action is necessary to receive your payment, it will automatically be deposited into the account you normal receive your tax refund to. The IRS will also be issuing payments via paper checks and […]
New Hampshire Housing Launches Community Heroes Homebuyer Initiative
In appreciation of the vital services that New Hampshire’s essential frontline workers have been providing during the COVID-19 pandemic, New Hampshire Housing has launched a special initiative to help them become homeowners. The new Community Heroes Initiative provides a $3,000 closing-cost credit to eligible first-time homebuyers who finance through one of New Hampshire Housing’s Plus mortgage programs. The […]
IRS Issues EIP FAQs as Direct Deposits Begin Moving
The IRS has announced that the third round of economic impact payments will begin reaching Americans this week, with some direct deposit payments arriving as soon as this past weekend. “Additional batches of payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast […]
Potential Fraud in Economic Injury Disaster Loan Program
We have received notification from local businesses about instances of fraud in the Economic Injury Disaster Loan (EIDL) and Advance Grant Program. EIDL was established as the first federal small-business assistance program activated to combat the economic crisis caused by COVID-19. The purpose of EIDL loans and advances are to aid eligible, small entities and […]