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Emergency Relief Resources for Business Members

This page outlines our relief options and resources for business Members. We're here for you!

To our Members: Demand for SBA loan programs as well as our other Royal Relief Programs has been high. Royal Credit Union received an extremely high volume of applications. We are committed to serving you and appreciate your patience while we work to help everyone as quickly as we can. Thank you for your understanding.

CARES Act & SBA Loan Update

Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to assist individuals and businesses affected by the COVID-19 pandemic. Part of this Act includes Paycheck Protection Program (PPP) Loans. Royal Credit Union is no longer accepting new PPP loan applications at this time. Please use the link below to access PPP loan information, PPP Forgiveness information, and other PPP resources.

Paycheck Protection Program Loan (PPP)


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.

Regulation D Limits Removed

We also want you to know that Regulation D limits, otherwise known as the “six per month” rule, have been temporarily lifted by the Federal Reserve. During this time, Members may make unlimited electronic transfers from savings and money market accounts. Learn more on our Regulation D information page.


Helpful Resources

National Business Resources

Minnesota Business Resources

Wisconsin Resources:

Chamber of Commerce Resources: