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The Paycheck Protection Program (PPP) is designed to assist small businesses gain short-term cash flow to help pay employees and cover interest on business mortgages, rent and utilities. Firefighters First is pleased to provide this additional support during these uncertain times.
Primarily, PPP is designed to help you cover 8 weeks of payroll costs. Please review the following program overview and additional facts from the Small Business Administration:
Some or all of the loan amount could be forgiven under PPP; please understand that the Small Business Administration will ultimately make this determination.
What documents do I need to submit with my application? +
The following documents will be required for the 8 weeks following the loan origination date:
Small businesses including sole proprietors, non-profits, tribal business concerns, Veteran organizations, and self-employed individuals and independent contractors. The small business must have fewer than 500 employees and have been in operation on February 15, 2020. There are additional eligibility requirements that can be found on the Borrower Information Fact sheet referenced above.
The PPP loan proceeds can be used to retain workers and maintain payroll or make mortgage, lease, and utility payments.
Applications will only be accepted electronically, membership requirements apply, and the PPP offer is subject to availability of limited funds.