Help for small business members: Disaster Loan Assistance and Paycheck Protection Program
Learn more about federal disaster loans for businesses, private non-profits, homeowners and renters.
Small business is the backbone of America. The COVID-19 pandemic has made the future of many small businesses uncertain.
Arsenal Credit Union is a Small Business Administration Certified Lender.
If you need help, you can apply for Disaster Loan Assistance on SBA.gov.
Apply for a Paycheck Protection Program (PPP) loan
Round II of the PPP program began April 27, 2020, at 9:30 a.m. CST. Congress approved another $310 billion for this program as part of a $484-billion stimulus, with $60 billion reserved for smaller institutions such as credit unions and CDFIs to distribute. Applications can still be submitted, but due to conditions out of our control, please be advised that yours may not be processed prior to funds being exhausted.
Visit the link below to be taken directly to an application for the PPP loan and to learn what documents you need to send our small business lending department.
Coronavirus (COVID-19): Small Business Guidance and Loan Resources
The SBA also provides advice, guidance and loan resources about issues like paycheck protection, SBA debt relief and local assistance, among other valuable topics.
If you need further assistance, please email our small business lending department or call us at 314.962.6363 or 618.239.6363.