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SBA Payroll protection program

The new Coronavirus relief and stimulus package signed on December 27, 2020 provides an additional $284 billion in Paycheck Protection Program (PPP) and the program has been extended to March 31, 2021, or until funding runs out. If you require funding, please follow the steps below:

Step one

Step two

Determine which application you'll need to apply
  • If you have not applied or received PPP funding, complete the First-Draw PPP Loan application
  • If you previously received a PPP Loan, complete the SBA PPP Second-Draw application

Step three

Gather Required Supporting Documents

Supporting documents are required to verify the following:

  • The business or non-profit was operating on February 15, 2020 and remains in operation
  • The number of employees
  • The average monthly payroll calculation 
  • Second-Draw applicants must demonstrate at least a 25% reduction in gross receipts in any  quarter of 2020 relative to the same quarter in 2019 or annualized. 

Examples of the required documents are: payroll records, W3s, IRS 940s or 941s, and Tax Returns

Step four

When you're ready to submit your application, click "apply now" below

Once your application is complete, including all required documentation, it will be added to the queue for processing. First-Draw requests will be prioritized over Second-Draw requests.

Since high volumes are expected, applications will be processed in the following priority order:

  1. Existing SCU Business Members 
  2. Existing SCU Members
  3. Non-Members (Opening of an SCU Business Account will be required)

You will be contacted when you application is being processed. 

Apply Now

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