SBA Paycheck Protection Program (PPP) Forgiveness

Please view all SBA PPP information on our new webpage: https://mycmcu.org/business/sba-paycheck-protection-program-ppp.html

SBA PPP loans are serviced through
Central Minnesota Credit Union

This means that all correspondence will be through Central Minnesota Credit Union, NOT SBA. Please be on alert for phishing attempts by fraudsters. There have been reports of applicants receiving fake correspondence from the SBA. If you have any questions regarding communications about your accounts, please contact CMCU directly.

SBA 7(a) Program Loans

  • Loan funds are available for almost any purpose, including working capital.
  • CMCU is a designated Preferred Lender through SBA.

*Membership qualification required. Other restrictions may apply. Ask for details.

CONTACT US

Call our dedicated business team phone line:
(833) 267-7321

SBA's Economic Injury Disaster Loan Program (EIDL)

The loans are designed to assist businesses who suffered working capital losses due to the coronavirus pandemic. Proceeds can assist with making fixed debt payments, payroll, Accounts payable, lease payments, insurance etc.
Applications for the loans are made directly to SBA, not CMCU. Loan payments are also made directly to SBA. Learn more about the program by clicking here.

  • $2,000,000 Maximum Loan Amount (Including affiliate entities)
  • 3.75% APR (Non-Profit: 2.75% APR)
  • Up to 30 year term - based on individual credit approval
  • No payments for the first 11 months
  • No collateral required for loans of $25,000 or less

APPLY FOR SBA EIDL

Apply online through the SBA website:
APPLY NOW
SBA's Customer Service Center: (800) 659-2955
Share this page:
Video Call