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Mainers Take Care of Each Other

Since 1852, Bath Savings Institution has been here for our neighbors in good times and in challenging times. Over the past 168 years, we have prevailed through difficult times together because Mainers don’t panic — we take care of each other! As we face this current pandemic, the health and well-being of our employees, our customers, and our communities remain our top priority. Therefore we’ve put together this page of resources and information to best assist our neighbors during this trying time.

Our response to COVID-19

Current Business Hours: Effective Monday April 6, all branch locations are open from 9AM-4PM, Monday-Friday for drive-up service only. Saturday Drive-up services will continue to be open from 9AM-12Noon

Keep your Social Distance with our Online Banking

Did you know you can bank online with us?


Bath Savings Paycheck Protection Program Assistance

Bath Savings is ready to assist you, our business clients. We are in unprecedented times. The one thing we know is working together is our best way forward.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. This program is being administered by the Small Business Administration and Bath Savings Institution, an approved SBA Lender, is ready to help process the applications. Bath Savings is not able to guarantee the availability of funds. Loans may or may not be forgivable, as determined by the SBA.

Please refer to the following website for additional information on eligibility and submission requirements. An overview of the program and the application can be found at

Once your application is complete and you have the required supporting documents needed for the loan, you can send the information to us at If you prefer, please request a secure link by sending an email to the above address.

If the PPP Loan is not something you qualify for you may want to look at the Economic Injury Disaster Loan (EIDL) from the SBA which includes the ability to apply for an EIDL Loan advance of up to $10,000, which will be made available within three days of a successful application, and this loan advance will not have to be repaid. You may apply for this program directly through the SBA website:

How to Apply

What forms do I need and how do I submit an application?

The applicant must submit SBA Form 2483 (Paycheck Protection Program Application Form) and payroll documentation, as described above. The lender must submit SBA Form 2484 (Paycheck Protection Program Lender’s Application for 7(a) Loan Guaranty) electronically in accordance with program requirements and maintain the forms and supporting documentation in its files.

What Do Borrowers Need to Know and Do?
Am I eligible?

You are eligible for a PPP loan if you have 500 or fewer employees whose principal place of residence is in the United States, or are a business that operates in a certain industry and meet the applicable SBA employee-based size standards for that industry, and if you are:

  • A small business concern as defined in section 3 of the Small Business Act (15 USC 632), and subject to SBA’s affiliation rules under 13 CFR 121.301(f) unless specifically waived in the Act;
  • A tax-exempt nonprofit organization described in section 501(c)(3) of the Internal Revenue Code (IRC), a tax-exempt veterans organization described in section 501(c)(19) of the IRC, Tribal business concern described in section 31(b)(2)(C) of the Small Business Act, or any other business; and
  • You were in operation on February 15, 2020 and either had employees for whom you paid salaries and payroll taxes or paid independent contractors, as reported on a Form 1099-MISC.
  • You are also eligible for a PPP loan if you are an individual who operates under a sole proprietorship or as an independent contractor or eligible self-employed individual, you were in operation on February 15, 2020.

You must also submit such documentation as is necessary to establish eligibility such as 2019 quarterly Form 941 statements, 2019 year end payroll report with individual breakdown, payroll processor records, payroll tax filings, or Form 1099-MISC, or income and expenses from a sole proprietorship. For borrowers that do not have any such documentation, the borrower must provide other supporting documentation, such as bank records, sufficient to demonstrate the qualifying payroll amount.

What qualifies as “payroll costs?”

Payroll costs consist of compensation to employees (whose principal place of residence is the United States) in the form of salary, wages, commissions, or similar compensation; cash tips or the equivalent (based on employer records of past tips or, in the absence of such records, a reasonable, good-faith employer estimate of such tips); payment for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payment for the provision of employee benefits consisting of group health care coverage, including insurance premiums, and retirement; payment of state and local taxes assessed on compensation of employees; and for an independent contractor or sole proprietor, wage, commissions, income, or net earnings from self-employment or similar compensation.

Do independent contractors count as employees for purposes of PPP loan calculations?

No, independent contractors have the ability to apply for a PPP loan on their own so they do not count for purposes of a borrower’s PPP loan calculation.

Resources for consumers from the Consumer Financial Protection Bureau: