Attention Members: Our Office Hours have temporarily changed in response to COVID-19 concerns. Read more here.
Atención miembros: nuestras horas de oficina han cambiado temporalmente en respuesta a las preocupaciones de COVID-19. Lea más aquí.
We know that times are tough. Now and always, Coop Fed is by your side. Here are resources to help your small business or non-profit survive and recover from the pandemic response.
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The Payroll Protection Program (PPP) was established through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act to help eligible businesses and organizations pay their workers. Recipients receive a low-interest loan that may be partially or fully forgiven if program requirements are satisfied. Read more about PPP on the US SBA website.
Cooperative Federal members may apply for PPP funding through a partnering financial institution. Coop Fed will help you package your application, submit to our PPP partner, and receive funds in your Coop Fed account.* To get started on your PPP application, contact our business lending team.
*You must have a Coop Fed business account in good standing to participate in our PPP assistance program. We can help you open a Coop Fed business account if you don't already have one. With a low $4 monthly fee, no transaction limits, and no minimum balance, our business checking account provides you with a kinder banking option.
You may qualify for a small business relief grant if you can document a 25% decrease in revenue due to the coronavirus crisis. This program is now closed, but you can learn more and join the wait list here.
If you don't qualify for PPP, or need other funding - we are still accepting applications for small and micro business loans! We offer loans, lines of credit, and credit cards for working capital, equipment, real estate and more. Submit an inquiry through our secure online loan portal, BusinessLoanConnection.
Our staff can help you with free, one-on-one technical assistance on a variety of business and personal finance topics. Plus, we can connect you with resources available from other community organizations.