SBA Loans

SBA Paycheck Protection Program (PPP)

Please Note: You are eligible to apply for the PPP loan with us if you have had your business account with the credit union prior to February 2020.

As your credit union, we are working to help our members. We are pleased to announce Birmingham Bloomfield Credit Union has recently become a Small Business Administration certified lender.

 

If you are a small business owner and your business account is with Birmingham Bloomfield Credit Union, you may apply for the SBA Paycheck Protection Program (PPP) Loan through us. This loan was created to help small businesses keep their workplace employed during the coronavirus pandemic.

PPP Forgiveness Calculator

Click Here

*Please note that the PPP Forgiveness Calculator is a spreadsheet and will require excel to download

PPP Application Packet (below) includes:

  • Required Document Checklist
  • PPP Application
  • Borrowing Resolution
  • FinCEN Beneficial Ownership Form

Please read the PPP Application Packet of information thoroughly. Please fill out the required documentation in its entirety to avoid loan process delays.

PPP Application Packet (Adobe PDF)

*Due to the continual changes and updates related to circumstances surrounding COVID-19, please be aware additional documentation may be requested.

For more information, FAQs etc. about PPP loans, please visit theĀ Small Business Administration Website here.