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Emergency Relief For Businesses

Concerned about cash flow or payment issues for your business? We’re here to help! We value our Business Members and the relationships we build. Please contact your Business Loan Officer to discuss personalized options available to you. We will provide guidance to you and discuss your options. Contact your Business Loan Officer, call 800-341-9911, ext. 3001, or email us to discuss options for your business.

Please note: due to the large number of Members inquiring about these programs, we are experiencing longer than normal response times. We are committed to being here for you and appreciate your patience while we work to help everyone as quickly as possible. Thank you for your understanding.

CARES Act Update

Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to help assist individuals and businesses affected by the COVID-19 Pandemic.  The CARES Act includes many different provisions, including SBA Economic Injury Disaster (EID) loans with forgivable advances of $10,000 and the SBA Paycheck Protection Program.  You can apply directly with the SBA for the EID loan right now.  See the link below.  We will have updates regarding the Paycheck Protection Program soon.  Royal Credit Union has other relief offerings of its own available right now.  Please review the information below or contact us for more information on these programs.  Thank you for your patience and understanding as we work through this together.

$10,000 Advance Now Available with SBA Disaster Loans

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan (EIDL) advance of up to $10,000 available through the U.S. Small Business Administration. For step-by-step instructions on how to apply, follow these guidelines provided by the US Chamber of Commerce click here. To be eligible for EIDL assistance, small businesses or private non-profit organizations must have sustained economic injury and be located in a disaster declared county or contiguous county.

National Business Resources

Minnesota Business Resources

Wisconsin Resources:

Chamber of Commerce Resources: