COVID-19 Info & Resources

Morgantown Bank & Trust is committed to our communities and we are here to help. We are all in this together, and we stand ready to help our clients through all phases of this situation.  Please see below for helpful information and resources.  

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Small Business Paycheck Protection Program Information

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The Payment Protection Program (PPP) funding will be facilitated by the Small Business Administration (SBA) and will include provisions delaying, deferring, or the outright forgiveness of principal on certain loans to small businesses. 

For more program information visit www.sba.gov or www.treasury.gov, email [email protected] or call any of our lending staff at (270) 526-3881.

Must be currently in business and have been actively in business on February 15, 2020 to qualify.

Is this your First SBA PPP Loan? 

First Step:  Complete the SBA Form 2483 Application.   

• • If you file a Schedule C (Self Employed/Sole Proprietor business or Schedule C LLC) Click HERE.  
  • All other business entities (Schedule F, Corporate Tax Return Filers, Non Profits, Partnerships, etc) Click  HERE. 

Second Step:  Gather Articles of Incorporation, Driver’s License and secondary form of ID of all signing parties, and IRS Form 941s for tax year 2019 or 2020.

Third Step: Submit a payroll register that includes February 15, 2020 data along with the most recent payroll register.  If you are self employed with no payroll, include a business checking account statement for February 15, 2020 as well as most recent statement.

Fourth Step: Upload all required documents from Second and Third Steps using the secure site HERE.

Is this your Second SBA PPP Loan?  

Qualification: Did your REVENUES (receipts only) for 2020 suffer at least a 25% reduction in vs. 2019?  Or did your REVENUES (receipts only) for any QUARTER in 2020 suffer at least a 25% reduction in revenue vs. the corresponding quarter in 2019? If you answered yes to either question, please proceed to First Step.     

First Step:  Complete the SBA Form 2483-SD (Second-Draw) Application.

• • If you file a Schedule C (Self Employed/Sole Proprietor business or Schedule C LLC) Click HERE.  
  • All other business entities (Schedule F, Corporate Tax Return Filers, Non Profits, Partnerships, etc) Click HERE.

Second Step:  Gather Articles of Incorporation, Driver’s License and secondary form of ID of all signing parties, and IRS Form 941s for tax year 2019 or 2020.

Third Step: Submit a payroll register that includes February 15, 2020 data along with the most recent payroll register.  If you are self employed with no payroll, include a business checking account statement for February 15, 2020 as well as most recent statement.

Fourth Step:  Provide Quarterly statements or tax documents verifying 25% reduction in revenue requirement has been met.

Fifth Step: Upload all required documents from Second and Third Steps using the secure site HERE.

Deadline to apply and be APPROVED by the SBA is May 31, 2021 or upon exhaustion of SBA Funds.  MBT will no longer accept applications after May 28^th to accommodate this deadline.

For a printable copy of the forms, please email [email protected] or call 270-526-3881 for additional application submission options.

Keeping You Safe

At Home Banking Options

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