Online Banking Login

Business Member Relief


SCCU is committed to helping our business members experiencing financial hardship as a result of COVID-19.
 

Paycheck Protection Program

SCCU is no longer accepting new PPP applications. We appreciate the opportunity to help so many in our community. For members who have already applied and need assistance with forgiveness, please contact SBAPPPloan@sccu.com.


 

PPP Loan Forgiveness

Lawmakers recently passed legislation, the Paycheck Protection Program Flexibility Act, changing the original PPP forgiveness requirements.  

The new law eases conditions for small businesses to take advantage of PPP forgiveness by:
 
  • Increasing the eight week requirement to 24 weeks to use loan proceeds.
  • Increasing the rehire timeline of employees from eight weeks to 24 weeks.
  • Adjusting the percentage of loan proceeds required to be spent on payroll from 75% to 60%.

SCCU Business Members who have obtained a PPP SBA Loan will still receive communication from SCCU eight-weeks from the date loan funds were disbursed.

We are updating our technology to assist in gathering the required documents and will be sending additional information as we prepare the forgiveness piece of the process. Our goal is to make this as seamless as possible for our members.
 
Our website is the best resource for information as we will continue to update as the SBA releases additional guidance.

Free SBA PPP "Next Steps" Webinars 

Join the SBA’s South Florida District through August 7 as they explore the next steps in the Payment Protection Program process.
 
This is an SBA sponsored webinar. Eventbrite access is required to register for the events. Max number of attendees per webinar is 250.
 
 


Relief Signature Loan

SCCU is offering a special signature loan with 0% APR* for 12 months, up to $5,000 with no payments for 60 days, certain restrictions apply, other terms available – Call Express Services for details.

 

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.