The Paycheck Protection Program is a loan designed to help small businesses keep their workforce employed during the COVID-19 crisis. The Small Business Administration (SBA) will forgive these loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Program highlights:
- Small businesses with 500 or fewer employers are eligible
- The loan has a maturity of two years and an interest rate of 1%
- No fees
- You can apply through White River Credit Union
Does my business qualify?
Find FAQs and additional details on the SBA website. For more information or to apply for this loan through White River Credit Union, contact us today.
(360) 825-4833 x4
Email: loans@whiterivercu.com
