SBA Paycheck Protection Program (PPP)

Updated February 9, 2021

Mauch Chunk Trust is proud to have helped many local businesses through the PPP application process. We are pleased to announce we will now begin accepting Paycheck Protection Program applications through our new user-friendly online portal. The portal will provide step-by-step instructions to submit your forgiveness application and supporting documentation.

The deadline for submitting a PPP loan application is March 31, 2021 or until the program funds are depleted. Mauch Chunk Trust Company cannot guarantee any loan requests submitted via the MCT PPP Application portal (regardless of when submitted) will receive funding from the SBA, and a loan request may not constitute a completed application to the SBA.

The application portal is intuitive and will guide you through the process. You will have the option to save any progress you make and return to the portal to finish your application later, if needed.

We recommend that you watch this video prior to beginning your application.

You are eligible for a 2nd draw PPP loan if you can answer yes to the following questions:

  • I have already received a PPP loan.
  • I have used, or will use, the full amount of my PPP loan before disbursement of a Second Draw Loan.
  • I used, or will use, the full amount of my PPP loan only for authorized uses as outlined in the PPP guidelines.
  • I have no more than 300 employees.
  • I do not plan to apply for or receive a Shuttered Venue Grant, under Section 324 of the Economic Aid Act.
  • I can demonstrate a revenue reduction of 25% or greater in 2020 relative to 2019 by comparing quarterly gross receipts for one quarter in 2020 with gross receipts for the corresponding quarter in 2019. Alternatively, if I was in operation in all four quarters of 2019, I can demonstrate a revenue reduction or 25% or greater when comparing annual gross receipts in 2020 to annual gross receipts in 2019.
    • Note: reduction in income must be verifiable through tax forms, quarterly financial statements or bank statements for both 2019 and 2020.

Click here to enter MCT's PPP Application Portal

If you have immediate questions about the PPP, please email

From the U.S. Department of the Treasury, January 8, 2021:

Key PPP updates include:

  • PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs;
  • PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs, and worker protection expenditures;
  • The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, direct marketing organizations, among other types of organizations;
  • The PPP provides greater flexibility for seasonal employees;
  • Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount; and
  • Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

The new guidance released includes:


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Mauch Chunk Trust Company

Mauch Chunk Trust Company was incorporated August 25, 1902 as the successor institution to the Second National Bank of Mauch Chunk, established in 1864. We remain a locally owned and managed independent community bank. While many banks of our type have merged or simply disappeared, our ability to change with the times has allowed us to grow and prosper for so many years. Read more about our history here.

We have 7 community banking offices & 1 Trust/Investment office located in Carbon & Schuylkill Counties, Pennsylvania in the following communities: Jim Thorpe, Albrightsville, Lehighton, Nesquehoning & Tamaqua (Hometown & West Penn).

We are the "Neighbors you know, bankers you trust." Voted as the Best Bank, Best Mortgage Company & Best Place to Work in the Times News 2020 Reader's Choice contest. The MCT logo, tagline "Neighbors you know, bankers you trust", "MCT Loans" logo and tagline "Friendly, Fast & Local" are trademarks of the Mauch Chunk Trust Company.

Important Information About Procedures for Opening a New Account:

  • To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
  • What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.