Mission Bank announced Monday its COVID-19 Loan Modification Program, offering temporary payment relief to borrowers in response to the widespread effects of the COVID-19 crisis.
Impacted customers will be able to defer payments for up to 90 days, or make interest-only payments for up to 180 days.
“Businesses are the lifeblood of Kern County. Our commitment is to serve our customers, in order to help stabilize the local economy,” said A.J. Antongiovanni, Mission Bank’s president and chief executive officer. “We know the impact has been sudden and significant. We want to help our customers, and thus the communities we serve, through these unforeseen circumstances.
Mission Bank serves business customers across Kern, San Joaquin, Los Angeles, and Ventura counties.
Customers can refer to the bank’s website for details, and are encouraged to contact their Mission Bank representative to evaluate the program.