SBA Paycheck Protection Program

We are here to help small businesses that are economically impacted by COVID-19

For additional information about COVID-19 visit the Centers for Disease Control at



For Treasury information about assistance for small business, visit:



For small business loan guidance and resources, visit:



A Letter from Wade…


Dear Valued Customer,

Thank you, for placing your trust in Mountain Valley Bank to secure a loan under the Paycheck Protection Program.  It is our pleasure to work with you and your business during these challenging times. 

At the time your Paycheck Protection Program loan was originated, an eight week timeframe was identified as the period in which payroll and eligible expenses would be utilized in determining loan forgiveness. For many of you that eight week period may have ended or will soon end.

As you may be aware, there are multiple proposed changes to the program since your loan was originated. Specifically H.R.7010 – Paycheck Protection Program Flexibility Act of 2020 as passed by the House of Representatives on May 28th. These changes may have a significant impact on your business and the amount of loan forgiveness that you may be eligible for. For the most up to date information on this program please visit

The Small Business Administration has not issued final regulations and guidance to the lenders providing instructions and the methods for submitting forgiveness applications. At this time, if you submit your application for forgiveness, we will not be able to finalize your forgiveness.

Therefore, until these changes and instructions are finalized, we are not encouraging borrowers to apply for forgiveness at this time. Please continue to track all payroll and additional expenses going forward.  We anticipate providing additional information about the forgiveness process as soon as that becomes available, and we will reach out to you. We sincerely thank you for your patience and understanding. 

Should you have any questions, please feel free to reach out to your lender.


Wade Gebhardt

Corporate President

Mountain Valley Bank

SBA Paycheck Protection Program Application Preview

Please be patient. Due to higher than normal volume, the treasury website may be delayed.



Steamboat Springs Curve Plaza - 970-870-6550
Steamboat Spring Wildhorse - 970-870-9990
Meeker - 970-878-0103
Walden - 970-723-8221
Hayden - 970-276-9099
24hr Telebanking - 877-275-2088




Effective July 1, 2020 our Funds Availability policy will be changed to the following: We are increasing the amount we make immediately available for withdrawal by checks not subject to same day availability from $200 to $225. In addition, the amount available for withdrawal on the second business day after the day of your deposit for large deposits, will increase from $5,000 to $5,525.