PAYROLL PROTECTION PROGRAM

ATTENTION: Due to the unprecedented volume of SBA Paycheck Protection applications we have received, CFCU, like many lenders, will be pausing new applications in order to focus on moving existing applications through the approval process. If you have already submitted an application, we will continue to process your application and keep you informed of the status of your request. We will begin accepting applications again on Thursday, April 16. Please contact us at that time to submit your application to ppp@cfcumail.org. Please note, at this time we are only processing Christian Financial and Motor City Co-op business members.

The SBA has approved SBA lenders like Christian Financial Credit Union to administer the Paycheck Protection Program. The Paycheck Protection Program prioritizes millions of American employed by small businesses by authorizing up to $349 billion toward job retention and certain expenses. 

Small businesses and eligible non-profit organizations, Veteran organizations, and Tribal businesses described in the Small Buinsess Act, as well as individuals who are self-employed or are independent contractors, are eligible if they meet the program size standards.
 

Under this program:

 

What I will need:


Submit all applications to ppp@cfcumail.org starting April 16, 2020. Please note, at this time we are only processing Christian Financial and Motor City Co-op business members.