At Sawyer Savings Bank, we’ve weathered numerous financial and economic environments since 1871, and we are committed to making proactive, customer-oriented decisions during this difficult time as well.
Coronavirus (COVID-19) – Emergency Loans Small Business Guide and Checklist (PDF Download Guide)
Our communities and customers have loyally supported us for 149 years, and we are here to support your needs during this extremely difficult time. We deeply understand the challenges our local families, businesses, and non-profits are facing right now. One of the benefits of banking with a community bank, like Sawyer Savings, is our ability to listen and understand your unique circumstances.
On Friday March 3, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was created to provide immediate support to both households and businesses due to the COVID-19 pandemic and its related consequences. The CARES Act appropriates an unprecedented $2 trillion in aid and comes at a time when many people are feeling financial pain.
As an SBA lender we can process your loans accurately and within the framework set forth under the CARES Act stimulus package. We expect the SBA to issue further guidance and additional details on the program requirements in the coming days. At that time, we will act as quickly as possible to make this opportunity available to our existing customers.
While the implementation details of the program have not yet been fully released from the SBA, we’re working diligently to track and review these programs to ensure that we will be able to assist you as soon as possible with your needs. We realize that these are daunting times, but we will be here to offer assistance and help you navigate through the process of obtaining assistance with your financial needs for both your family and your business. We are passionate about helping our customers and communities and, together we will get through these difficult times and be able to enjoy better times ahead.