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PAYCHECK PROTECTION PROGRAM FOR BUSINESSES

INOVA Federal Credit Union is participating in the latest PPP funding reopened by the Small Business Administration and the U.S. Treasury.  Any business applying for PPP funding with INOVA Federal must be a member with accounts held at INOVA. Applications will be accepted for review starting Tuesday, January 19th.

Second Draw Paycheck Protection Loans (if you have already received the first round funding in 2020 and used those funds)
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/second-draw-ppp-loans

First Draw Paycheck Protection Loans (If you did not apply for or receive first round funding in 2020)
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/first-draw-ppp-loans

EIDL – Economic Injury Disaster Loans (direct loan application with the Small Business Administration, currently not forgivable)
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loans