Committed to Supporting our Customers and Communities
Over the past year, Middlesex Savings Bank has been monitoring official Public Health Guidance and taking actions to respond to the COVID-19 pandemic. As always, the health, safety and well-being of our customers, employees and community remain our top priority.
We continue to monitor developments around COVID-19 and will provide the below updates as necessary.
Mask Mandate Update:
In accordance with updated guidance from the CDC, as of May 29, 2021, fully vaccinated people no longer need to wear masks inside a Middlesex Savings Bank branch location, though they may if they desire. Unvaccinated people should continue to wear a mask when visiting a branch location.
Branch Safety Protocols:
- Plexiglas dividers are installed at every transaction location.
- Branches are cleaned daily and commonly-used surfaces continue to be cleaned regularly.
- Hand sanitizer is available for use at all branches.
- For the safety of our employees and other customers, we ask that customers refrain from entering our branch offices if feeling ill.
- Middlesex employees who are feeling ill are directed to stay home.
On September 9, 2021, the Small Business Administration (SBA) announced enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster relief loan designed to better serve and support small business communities impacted by COVID-19. The SBA is ready to receive new applications immediately from small businesses looking to take advantage of these new policy changes, which include:
Update for Business Customers:
- Increasing the COVID EIDL Cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.
- Implementation of a Deferred Payment Period.
- Establishment of a 30-Day Exclusivity Window of approving and disbursing funds for loans of $500,000 or less.
- Expansion of Eligible Use of Funds.
- Simplification of affiliation requirements.