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Paycheck Protection Program Loans

This page provides information for our Business Members about SBA Paycheck Protection Program loans

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the U.S. Congress and President created the Paycheck Protection Program (PPP) to help small businesses pay their employees and certain other expenses during the COVID-19 pandemic. Use the links below to find more information about PPP loan applications or PPP loan forgiveness.

Most recently, new legislation makes more PPP loan funds available for businesses that haven't yet borrowed them (First Draw PPP Loans), provides additional PPP funds for businesses who already have PPP loans (Second Draw PPP Loans), and streamlines PPP loan forgiveness for eligible borrowers.

Paycheck Protection Program Loan Applications

Apply For A First Draw PPP Loan
Paycheck Protection Program Loan Applications

Apply For A Second Draw PPP Loan
Paycheck Protection Program Loan Forgiveness

PPP Loan Forgiveness

About PPP Loans At Royal Credit Union

Royal Credit Union is proud to serve businesses of all sizes with Paycheck Protection Program loans! We acted quickly to provide our business Members access to PPP loans as soon as they were available from the Small Business Administration. We've been able to offer nearly 1,300 PPP loans, providing vital support to our business Members and our local communities to offset the economic impact of the COVID-19 pandemic.

Because we're a Member-owned credit union, our relationship with our Members is more important than anything to us. We continue to work through ongoing changes to the PPP loan program together with our business Members. Use the links above to get more information about PPP loan applications and forgiveness at Royal Credit Union.