January 13, 2021 Paycheck Protection Program Update
WITH YOU, THAT’S US
Taking care of our customers and employees continues to be our top priority. We are closely monitoring and following the guidance of the Centers for Disease Control (CDC) and the local Massachusetts government agencies. We have a comprehensive plan in place to help promote everyone’s health and safety while providing continued financial service and support to our customers. We will continue to examine the situation and will post all important updates to our website homepage.
TEMPORARY HOURS OF OPERATION
As part of our response to COVID-19, retail banking service is currently offered at our Drive-Up windows only. Our Lobbies remain closed until further notice to help keep our customers and employees safe. Drive-up windows are open Monday–Friday, 9 a.m.– 4 p.m., and Saturday from 9 a.m.– noon. Please be aware that the hours of operation are subject to change.
24/7 ACCESS TO YOUR ACCOUNTS
Lowell Five offers a full suite of Online, Mobile, and Telephone Banking services. View balances, pay bills, transfer funds, or deposit checks all from the convenience of your home or phone 24/7 with quick, easy, and safe access to all of your accounts.
CLIENT SERVICE CENTER
Our Client Service Center is available to assist you Monday–Friday 9 a.m.– 4 p.m. and Saturday 8 a.m. – 12:30 p.m. (978) 452-1300.
Our After Hours Card Care Call Center is fully operational and will continue to act as a resource to address fraud concerns, activate and deactivate cards. (978) 452-1300.
Your financial safety is as important to us as your health and well-being. Be vigilant. Fraudsters see opportunity during uncertain times. For more information and what to do if you believe that you are a victim of fraud, please visit the FTC website.
FEDERAL STIMULUS CHECKS
For status information, please visit the IRS Payment Portal or check your account activity through Online and Mobile banking.
PAYCHECK PROTECTION PROGRAM (PPP)
The Small Business Administration recently announced that the Paycheck Protection Program (PPP) would re-open for applications. We expect the SBA to begin accepting applications the week of January 18, 2021.
PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS
Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. Click here for more information.
For more information on the Coronavirus, please visit.