InRoads Credit Union taking PPP applications TODAY!
InRoads Credit Union announced that after Congress authorized additional stimulus funding last week, the Credit Union will start a 2
round of SBA PPP loans on today. They are currently processing applications for established InRoads business partners (business accounts).
In its announcement last week, InRoads declared it has funded over $1m in SBA Payroll Protection Loans
for ten of its business members through the Small Business Administration’s Payroll Protection Program. The credit union currently has 50 more applications waiting for the additional Congressional funding approved last week.
The SBA Payroll Protection Program is a loan designed to provide direct relief for small businesses to pay up to eight weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent and utilities.