PPP Loans
Commonwealth Credit Union is offering access to the Paycheck Protection Program as a courtesy to qualified small business owners through a partnership with Lendio, a trusted third-party vendor.
Paycheck Protection Program Loan
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted to provide some much-needed relief for both small business owners and their employees who have been negatively impacted by our current situation. A large component of this package is the Paycheck Protection Program (PPP), which provides federally guaranteed loans* for small businesses. Businesses can use these funds to help cover payroll, health insurance premiums, mortgage payments, commercial rent, and more.
To learn more about the Paycheck Protection Program qualifications, please visit the U.S. Small Business Administration.
*All loans subject to approval.