Gloria Escobar, Financial Wellness Latinx Outreach Coach at Greylock Federal Credit Union, writes:

“We are excited about another round of Paycheck Protection Program (PPP) loans being made available. Our community needs this. The Small Business Administration (SBA), Treasury and lawmakers heard loud and clear that many minority-owned businesses did not have the same access to apply in the earlier rounds. As a result, the SBA is limiting PPP access to community development financial institutions (CDFIs) for the first few days of the program which will start as early as today. Greylock Federal Credit Union is a certified CDFI and will have earlier access to the program. This is an important opportunity, particularly for minority-owned businesses. We encourage you to share this information with anyone you think would benefit from it. 

The application has been released and we are beginning to accept applications today for businesses that did not receive a loan in the first round of PPP. Those that did receive a PPP loan previously can begin uploading new application as early as Wednesday. Interested businesses can Click Here to download and review the application to determine eligibility and start to gather required documents. Please check our website often as guidance for this program is still being released. 

If you know of a business that could be helped by a PPP loan, please direct them to our website or call our PPP Helpline at 236-4041.  We want to ensure that many of our community’s businesses that are minority, women or veteran owned have access to this important lifeline.

The PPP has set asides for minority, women and veteran owned businesses, but is open to a whole host of small businesses. You can find links to eligibility guidance within the weblink above.”