Paycheck Protection Program (PPP) FundingPaycheck Protection Program (PPP) FundingThe U.S. Small Business Administration is no longer accepting new PPP applications from banks and credit unions.
The only institutions permitted to accept applications are designated as a Community Financial Institution (CFI).
A CFI is one of 4 special types of lenders: Community Financial Development Institution, Minority Depository Institution, Community Development Corporation, and a microloan intermediary.
OUCU will make an announcement if the application process opens back up again.
"I want to thank the three of you for helping so much in securing our PPP Loan. You were all very knowledgeable and got us through it remarkably easily and quickly. The loan should help us keep all of our 136 staff employed in Southeast Ohio and possibly allow us to expand a bit as this C19 pandemic eases its grip. You and OUCU are great resources for the business community in our part of the state."
