Due to large demand we ask for your patience as we process these as quickly as possible.
SBA Paycheck Protection Program
As a participant in the SBA Paycheck Protection Program, Community Choice is now accepting applications from our existing business members. You must be a current business member as of March 1, 2020. Loans made under this program are submitted to the SBA for approval. Funds for this program are limited. CCCU cannot guarantee that applications will be processed and submitted before the SBA funding is exhausted. There is no cost to apply. Applying with CCCU does not prevent you from applying with other lenders.
What it is
The Paycheck Protection Program is a Small Business Administration loan designed to provide a direct incentive for small businesses to keep their workers on the payroll during the Coronavirus (COVID-19) crisis.
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. The Paycheck Protection Program will be available through June 30, 2020.
For complete details visit the SBA website.
How to Apply
To allow Community Choice to assist you, begin by filling out the form on this page. We will reach back out to you in the order received and as soon as possible to request the needed documentation to complete your application.
What to expect after you apply
After submitting your PPP loan request we ask for your patience. We are receiving a large number of them and they tend to take a bit longer to process as they all are subject to review according to federal and SBA guidelines. We’ll reach out to you as soon as we possibly can.
Community Choice is here to help you in this challenging time. Contact us online with any questions or concerns, or call 515-334-8100.
*You should consult your own tax, legal and account advisors before engaging in any transaction. Applicant must understand conditions of loan forgiveness and accurately calculate loan request amount.