Malaga Bank is pleased to have participated in the Small Business Paycheck Protection Program. On May 4, 2021, the Small Business Administration announced that it had exhausted PPP funding and that it would stop accepting applications from banks. We will be monitoring the situation to see if the SBA receives more funding before the May 31, 2021 deadline. Malaga Bank will continue to accept SBA PPP Forgiveness requests.
For any questions regarding PPP Forgiveness, please call John Tellenbach at 310-544-7800.