BUSINESS LOANS

COVID-19 Business Assistance

The Paycheck Protection Program is a loan designed under the CARES Act to provide a direct incentive for small businesses to keep their workers on the payroll. As a SBA approved lender, Community Financial Credit Union is able to assist our business members in applying for the Paycheck Protection Program.

What you will need:

  • A detailed statement of ALL the intended uses for the loan (note: no more than 40% can be used for non-payroll related items.) You must detail the amount that will be used for payroll, rent, interest and utilities.

  • Payroll records for all employees for the last year (This must be a detailed register so we can determine if any individual makes over $100,000. This can be for the period 1/1/2019 – 12/31/2019.)

  • The last 5 quarters of payroll (941) tax forms (January 1, 2019 – 3/31/2020)

  • Completed Beneficial Ownership Certification

  • Completed Request for Transcript of Tax Return (Form 4506-T)

  • Completed Paycheck Protection Program Application

  • Completed Payroll Calculation for the period 4/1/2019 – 3/31/2020

  • If you own additional entities, please complete Addendum A

Please gather/complete the above information and then give us a call at (877) 937-2328, and press 8. Team members are available Monday – Friday from 8:30 a.m. – 5:00 p.m.

In addition, an Economic Injury Disaster Loan Emergency Advance is available through the SBA. This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Applications can be made directly through the SBA.

SBA Guidance and Loan Resources

Economic Injury Disaster Loan Info

Business Loan Options:

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