CMB Covid Header Notice

ATTENTION BUSINESS OWNERS - Additional SBA PPP loan funding is now available. If you did not get a PPP loan from us during the first round and think you might qualify, please contact your Clear Mountain banker TODAY to get started.

For information on the government's Economic Impact Payments, please visit the IRS website. With this tool, you can see the date your payment is scheduled to be deposited in your bank account or mailed to you.

We are experiencing extremely heavy call volume due to COVID-19. While we’ve proudly been answering customer phone calls in person for more than 100 years, you may be greeted by an automated answering service and you may experience an extended hold time, but we are committed to answering your call as quickly as possible. We highly encourage the use of our electronic banking services during this time.

Use these links for our most up-to-date COVID-19 information.

BUTTON: Covid-19 Information for Personal Banking

BUTTON: Covid-19 Information for Businesses

BUTTON: Paycheck Protection Program (PPP) Information

BUTTON: Branch/Lobby Hours & Information

Small Business PPP Loan Assistance

We’re All in This Together.


The Federal Government authorized a 2nd round of funding for the Paycheck Protection Program (PPP), effective Monday morning April 27, 2020. Money is still available.

We stand ready to assist you with the application process in preparation to submit the necessary paperwork.

If you did not get a PPP loan and think you might qualify, please contact a Clear Mountain banker TODAY to get started. We cannot guarantee any loan application will get approved until the application is entered and approved by the SBA.

As new information about the Paycheck Protection Program becomes available, we’ll provide updates here.


Clear Mountain Bank’s
Small Business Loan Assistance

We supported our small business customers before and during the Paycheck Protection Program, and we will continue to support small businesses in the communities we serve, through the first and second rounds of funding. We are working around the clock to ensure local businesses get the opportunity to apply for a PPP loan and stand ready to assess available options to provide assistance to our customers and our communities moving forward.

If you obtained a SBA Paycheck Protection Program loan through Clear Mountain Bank, we have compiled a document with very important information pertaining to the forgiveness portion of the loan. Click below to learn what documentation may be needed and what you will need to do to save money.

What you need to know:
• Loan proceeds must be spent within 8 weeks of the date of the loan note.
• The borrower must maintain the same number of employees throughout the eight-week period.
• At least 75% of the loan proceeds must be spent on eligible payroll expenses.
• Other eligible expenses are outlined in the application document.

Small Business Loan Resources

Small Business Guide

From the
U.S. Chamber of Commerce

Fact Sheet

From the
U.S. Department of the Treasury

COVID-19 Small Business Guidance & Loan Resources

From the
U.S. Small Business Administration

Agencies Announce PPP Certification Safe Harbor

Updated May 13, 2020 (Questions 46-47)

SBA and Treasury Department announced a safe harbor that will apply to reviews of good-faith certifications concerning the necessity of Paycheck Protection Program loan requests.

In the latest update to their frequently asked questions on the program, the agencies said any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the necessity of the loan request in good faith.

The agencies said:
• Borrowers with loans below this threshold are generally less likely to have access to adequate sources of liquidity, and the safe harbor will promote economic certainty for them.
• The SBA previously said all PPP loans over $2 million—and other loans as appropriate—will be subject to review.
• Borrowers with loans greater than $2 million that do not satisfy this safe harbor may still have an adequate basis for making the required good-faith certification.
• If SBA determines that a borrower lacked an adequate basis for the required certification, it will seek repayment of the outstanding PPP loan balance and will inform the lender that the borrower is not eligible for loan forgiveness.
• If the borrower repays the loan after receiving notification from SBA, the agency will not pursue administrative enforcement or referrals to other agencies.
• SBA’s determination on these certifications will not affect its loan guarantees, which remain in place.

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