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Paycheck Protection Program Forgiveness

SCCU is accepting PPP Forgiveness applications.

 


Significant Updates for the New PPP Loan

The Small Business Administration has announced that the funds for the Paycheck Protection Program have been exhausted. Therefore, SCCU is no longer accepting new PPP loan applications, and any applications that have not been fully submitted to the SBA will be withdrawn.
 
You can check the status of your application and message a processor using the Borrower Messaging section within your application or contact us directly at SBAPPPLoan@sccu.com.
 
For more details, please visit the SBA website.

PPP Loan Forgiveness FAQs

We understand that the forgiveness portion of the Paycheck Protection Program (PPP) loan process can be confusing. To quickly find answers to some of the most common questions surrounding PPP forgiveness, our Business Members can view the Small Business Administration’s Frequently Asked Questions for Loan Forgiveness.
 

EIDL Advance Forgiveness

Under the new COVID-19 relief bill, passed December 2020, borrowers who have already applied for and received PPP Forgiveness may be able to have their EIDL Advance forgiven. Currently, the Small Business Administration (SBA) has not released new PPP Forgiveness guidelines for borrowers who have already applied for and received PPP loan forgiveness. Once information is available, Space Coast Credit Union will work as quickly as possible with the SBA to process your EIDL Advance forgiveness.