Paycheck Protection Program

The U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury Department, opened the Paycheck Protection Program (PPP) to all participating lenders on Tuesday, January 19th.

  • The deadline to apply for a PPP loan has been extended until May 31st, 2021.

Please click here for tips on applying. Please note, paper applications will not be accepted and you MUST be a business member of AmeriCU Credit Union before applying. If you are not a business member, please contact your local branch to open a business membership account.

For detailed information on eligibility and requirements, please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp.

Apply for SBA PPP Forgiveness

  • Complete and Submit the request form below and you will be emailed a link to our secure application.
    • Be sure to register and complete all fields in the application, and upload all required documents.
  • You are eligible for the Simple form if your loan amount is $150,000 or less.
  • Please be aware – the Forgiveness timeline is as follows:
    • AmeriCU – up to 60 days to review your forgiveness application.
    • SBA then has up to an additional 90 days to decision your forgiveness application.
    • You will get an email update when the SBA has made a decision.
  • Please make sure to review the instructions provided on the SBA forgiveness application (SBA 3508/EZ/S) for the required documentation

Apply for SBA PPP Loan Origination

  • Prior to requesting an application, make sure you have a business or investor membership at AmeriCU Credit Union.
    • This is an SBA business loan, so a personal membership will not suffice.
    • Contact your local Financial Center to set an appointment to open a business membership account.
    • If you use your name as your business, you will need an Investor membership account.
  • Complete and submit the request form below
    • Once submitted, you will be emailed a link to our secure application.
    • Be sure to register and complete all fields in the application, and upload all required documents.
    • Make sure you e-sign all required forms as your application wont be submitted until you do.
  • AmeriCU will review the application, then send it to the SBA for their approval.
    • You will receive email updates on the status of your request.
  • If you file a Schedule C, excluding partners and partnerships, you may be eligible under the new revisions to use gross income to calculate your average monthly payroll. Click here for more information on these changes.

Request an Application Below

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