Small Business COVID-19 Assistance

Last edited: 6-23-2020

First and foremost, from all of us at Awakon Federal Credit Union, we hope you, your families, colleagues, and communities are staying safe and healthy as we go through this crisis together.

Paycheck Protection Program (PPP)

The Paycheck Protection Program is an SBA funded and approved loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

For more information on the details of the program, do determine whether you are eligible or for assistance on how to calculate payroll costs, see the link below.

https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

How Do I APPLY?

You may be eligible for a loan under the Small Business Administration’s (SBA) new Paycheck Protection Program. The program is designed to provide small businesses access to capital for payroll and other overhead costs. Funds are limited and subject to availability from the SBA.

If you qualify for membership at Awakon Federal Credit Union, fill out the below application and contact Katie Braun to establish a secure connection to submit your application and required documentation:

Call 989-733-8557 ext. 2501 or email kbraun@awakonfcu.net for more information.

APPLICATION

Checklist of Required Documents

To securely submit your application, visit the Info Center in online banking.
– Log in with your It’s Me 247 Online Banking credentials
– Select INFO CENTER
– Select PPP LOAN APPLICATION REQUIRED FILES
– Fill out your first, last, and business name
– Drag and drop your files and submit