Here For Our Business Members
We always have our members' backs, and this time is no different. We are committed to helping your business through these unprecedented times by working with the U.S. Small Business Administration to offer the Paycheck Protection Program (PPP).
Goal of the PPP Loan
This program is designed to provide small businesses access to funds you may need to continue paying your employees and operating your business. It helps cover up to 8 weeks of payroll costs, including benefits. Funds may also be used to pay mortgage interest, rent and utilities.
Who Can Apply
This program is for any small business with less than 500 employees (including sole proprietorship's, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.
Must have an existing USMFCU business account. Please see our membership eligibility requirements here
- Business/Trade Name must be registered and in good standing with the Secretary of State.
What documents will I need to include in my application?
You must provide us with documentation on the number of employees (must be less than 500) and the payroll data listed below.
- 2019 Payroll – Total payroll data for full year of 2019 or the previous 12 months, by employee, as reported to the IRS – Please do NOT provide names/SSN or other identifiers.
- Payroll report – as of February 15, 2020, or closest date after that date, by employee (to determine current employee count)
- Other information is available at the U.S. Treasury website
Please complete the following information so that we can assist you in starting the PPP Loan process as soon as possible.
Contact us if you have any questions or assistance.
If you wish to begin preparing your application, you can download a copy of the PPP borrower application form to see the information that will be requested from you when you apply.Go to main navigation