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We're here to help your business get through the impact of COVID-19

The credit union has partnered with Lendio to provide PPP loans. Lendio features hundreds of loan options from 75+ of the best small business lenders. Recently added as an SBA loan program, the Paycheck Protection Program provides federally-guaranteed loans to eligible small businesses. These loans are intended to help small businesses retain employees throughout and after the Coronavirus (COVID-19) crisis. The Paycheck Protection Program covers operational expenses beginning February 15, 2020 and ending on June 30, 2020.

Please note, borrower applications will be submitted to a network of financial institutions setup to fund and service SBA PPP loans.  ACU will not be funding or servicing these loans.

How It Works & Apply Now

The credit union has partnered with Lendio to provide you access to their network of lenders providing SBA PPP loans. Your loan will be reviewed, approved, and serviced by one of the lenders within the network. Once your application is submitted Lendio has 300+ agents ready to assist. Here is how it all works:

1

Gather your needed information and click apply now to be taken to our page with Lendio

2

Establish your login ID and complete the application

3

Lendio will contact you and begin the approval process with a lender in the network

4

Your loan is approved and funded

5

If you run into any snags.  Don’t hesitate to contact the credit union at 801-866-1210.

Learn More and Apply Now

Please note, the Paycheck Protection Program has reached the cap on available funding, but Lendio is still accepting applications so we encourage people to apply to save their place in line

Eligible Businesses

Per the CARES Act, available to businesses under 500 employees who are qualified:

1

Small businesses

2

Nonprofit organizations

3

Veterans organizations

4

Tribal businesses

Loan Purposes

The loan can only be used for:

1

Payroll costs and employee commissions or similar compensations

2

Insurance premiums and group healthcare benefits during paid sick, family, or medical leave

3

Mortgage interest payments (but not prepayment or payment of mortgage principal)

4

Commercial space rent and utilities

5

Interest on any other debt obligations incurred before the covered period

Features

1

100% Loan Forgiveness when used for payroll, mortgage interest, rent, and utilities.

2

Payment Deferments for the first 6 months, and up to 12 months for some qualifying borrowers

3

Quick Responses Get approve and funding within days – and often in as little as 24 hours

Questions About PPP Loans?

Give Us a Call

Even though these loans are not funded through ACU, we can help you with any questions you may have about the process through our partner Lendio.

801-866-1210

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