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Update for Businesses: Paycheck Protection Program

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Update for Businesses: Paycheck Protection Program

Posted on by Fox Communities

We are aware that the Small Business Administration (SBA) has currently stopped taking applications for Paycheck Protection Plan (PPP) loans as the initial $349 billion dollars of funds allocated to the program have been distributed. Kabbage has verified that there have been a number of Fox Communities Credit Union businesses who have received loan approval confirmation.

We anticipate that there will be additional funds allocated to the program in the next week or so. Therefore, we are encouraging our business members to continue applying for the SBA PPP loan through the designated Kabbage link below.

Kabbage Partner

If you have received verification from Kabbage that your loan request is currently in process, then your application is in their que and you will not need to re-apply. If you are not sure that they are processing your loan application at this time, please login to your Kabbage account or reach out to Kabbage at 1-888-351-3143 for verification.

We encourage you to reach out to your Congressman and Senators to let the Federal
Government know, they NEED to push through additional funding for the Paycheck Protection
Plan (links below).

www.senate.gov
www.house.gov

Please continue to check this COVID-19 section of our website for further updates.

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