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New Information for our Business Members on COVID-19

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New Information for our Business Members on COVID-19

Posted on by Fox Communities

Fox Communities Credit Union and the Coronavirus Aid, Relief, and Economic Security (CARES) Act

Fox Communities Credit Union will work with our business members to access the “Paycheck Protection Program” loan as approved by the (CARES) Act. The US Small Business Administration (SBA) is in the process of finalizing the details of the application process and we have been advised that more information will be available by Friday, April 3, 2020. Until then, the following information is provided by the U.S. Chamber of Commerce: US Chamber Small Business ELA Loan Guide

In addition to the “Paycheck Protection Program”, the SBA has a second loan program called the “Economic Injury Disaster Loan” (EIDL). Members can apply directly through the SBA. Please click here for additional information on the program.

For more information, please see the fact sheet on U.S. Small Business Administration – Economic Injury Disaster Loans.

Watch for updated information on our website the week of April 6, 2020.

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