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Beachwood Office (216) 359-5580 Open Geo Locator

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25201 Chagrin Boulevard
Suite 120
Beachwood, OH 44122

Phone: (216) 359-5580
Fax: (216) 359-5581

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    25201 Chagrin Boulevard, Suite 120 - Beachwood

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SBA Payroll Protection Program

Home Business SBA PPP Loan

SBA's Payroll Protection Program (PPP)

Paycheck Protection Program: Preparing for Loan Forgiveness Update   
August 24, 2020           
 

Thank you for choosing Middlefield Bank to process and service your Paycheck Protection Program loan.  We are proud to be able to assist you and our community during this difficult time.

Currently, Congress continues to discuss changes to the program forgiveness guidelines and Middlefield Bank is monitoring those discussions in order to ensure that the forgiveness process is as customer-friendly as possible. For that reason, the Bank is holding off on opening the forgiveness portal because Congressional action in the near future could significantly change the process for many loan recipients and the Bank does not want to have customers needlessly entering an application and then have the need to re-enter a different application when Congress finalizes the forgiveness rules.

We appreciate your patience with this process and you can be assured that Middlefield Bank will be prepared to process your forgiveness applications as quickly as possible once Congress finalizes the forgiveness process.

The learn more button below includes some information based on the PPP Flexibility Act and how you should go about submitting your loan forgiveness application to Middlefield Bank based on the rules that are publicized as of August 24, 2020.

Please speak to your lender or contact us at 888.801.1666 with any questions. Thank you. 

Additional Resources for Payroll Protection Program: