Man with dirty hands
Business

COVID Resources for Businesses

Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $349 billion in relief for American workers and small businesses.

Small Business Aid Programs

PPP

Paycheck Protection Program

A forgivable loan designed to provide incentive for small businesses to keep their workers on the payroll.
Available through June 30, 2020.  Businesses must apply through a SBA approved lender.

  • Maximum loan amount is 2.5 times an organizations monthly payroll
  • Loan forgiveness may be available from SBA if certain criteria are met
  • Term is 24 months.  Repayment must begin within 6 months
  • Rate is 1% APR
  • For more details, visit SBA’s PPP site

Pacific Crest is accepting applications for this program.  Click here to download the PPP Application.

EIDL Loan Advance

Economic Injury Disaster Loan

Small business owners currently experiencing a temporary loss of revenue due to the COVID-19 pandemic may apply for a loan up to $2 million and will automatically receive $10,000 advance deposited to their account. The advance will not have to be repaid.  Funds will be available within three business days of application.  Apply online through the SBA website.

EIDL Details/Application »

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:

541.810.6951
WBLG@mypcfu.org

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 »

Man writing check

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 »

Scholarships

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 »

What is it like to be a member at Pacific Crest?

Ready to set out?

Visit a branch
Find a location
Call or email.

541.810.6951
WBLG@mypcfu.org

You are about to navigate away from Pacific Crest FCU’s website. Clicking on the link will take you to another website that is not operated by Pacific Crest Federal Credit Union. PCFCU is not responsible for the content of the third-party website or transactions between our members and the third-party website. The privacy & security policies of the third-party website may differ from Pacific Crest Federal Credit Union’s practices.

Cancel Accept