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COVID Resources for Businesses

Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. We aim to be a resource for your business to help navigate the twists and turns that come with federal aid.

Small Business Aid Programs

PPP (updated 03/23/2021)

Paycheck Protection Program

The Economic Aid Act passed in December of 2020 and brought the Paycheck Protection Program (PPP) back to life with some modifications.  Further revisions to the program were announced by the Biden Administration at the end of February and have now been released.  Effective March 5, 2021, the SBA is accepting applications for First Draw PPP loans, First Draw PPP loans for Schedule C filers, Second Draw PPP loans, and Second Draw PPP Applications for Schedule C filers.

The largest revision to the program is for Schedule C applicants.  A Schedule C filer may elect to calculate the owner compensation share of its payroll costs – that is, the share of its payroll costs that represents compensation of the owner based on either 1) Net Profit or 2) Gross Income.  Previously the loan amount was based only on the Net Income on the Schedule C or the payroll documentation submitted if the Schedule C filer had employees.

Applications for all four types of PPP loans are being taken immediately.  Please review the packets and select the one that is the best fit for your business.

First Draw Application

First Draw Schedule C Filer Application

Second Draw Application

Second Draw Schedule C Filer Application

EIDL Loan Advance

Economic Injury Disaster Loan

In response to the Coronavirus (COVID-19) pandemic, small business owners that are currently experiencing a temporary loss of revenue are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This loan advance will not have to be repaid. If a business received an Economic Injury Disaster Loan advance in addition to a Paycheck Protection Program (PPP) loan, the amount of the Economic Injury Disaster Loan advance will be deducted from the PPP loan forgiveness amount by SBA.

This program is for any small business with fewer than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.

More information »

Apply online through the SBA »

Relief for Existing SBA Loans

SBA 7a Debt Relief Program: Businesses who have existing SBA 7a loans will have 6 months of principal and interest payments forgiven.  These businesses should research the SBA website.

SBA Express Bridge Loan: Businesses who have existing SBA lending relationships can apply for up to $25,000 in bridge loans.  These businesses should research the SBA website.

Contact your SBA loan servicer regarding these options.

Existing Pacific Crest Loans

We believe that healthy businesses build healthy communities.  Providing capital to businesses and producers creates economic growth, creates jobs, and is essential to the vitality of our region. We see our relationship with every business owner as a partnership.  Our Business Services Team cares deeply about the success of every business, producer, and operator we serve.  We are here to work with you through the good times, and the lean times.  If you are facing challenges, or even see some potential ones on the horizon related to the COVID-19 crisis, its time to start working on those challenges together. Each business and situation is unique and requires a solution specific to your needs, so reach out to our Business Services Team.  We’ve already rolled up our sleeves and are ready to get to work with you, rising to meet today’s challenges.

Contact our Business Services team at:


We’re a credit union. We’re your community.

Pacific Crest isn’t a bank. We’re a financial co-op owned by 16,000+ people in the Klamath Basin and surrounding rural communities. In 2018 alone, we returned a financial benefit of over $23 million to our home and yours — by reaching out, giving back, and paying it forward.

Community Impact

Reaching Out

At Pacific Crest, we build partnerships and provide services designed to make a difference, while devoting hundreds of volunteer hours every year to good causes.

Community involvement »

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Giving back

We search for organizations that are making a positive impact in our communities, whose work has a ripple effect, and put our dollars where it means the most.

Donations »


Paying it forward

To help deserving students make a difference, we offer four $1,000 annual scholarships inspired by board members who made a difference at Pacific Crest.

Scholarships »

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