Small Business Members

Covered Expenses

  • Pay up to 8 weeks of payroll costs including benefits
  • Help maintain payroll
  • Hire back employees
  • Cover applicable overhead
  • Worker protection costs related to COVID-19
  • Uninsured property damage costs due to looting or vandalism during 2020

Paycheck Protection Program (PPP)

NEFCU is pleased to once again be accepting applications for the Paycheck Protection Program (PPP). Completed application packets can be submitted to businessrelief@nefcu.com. Should you prefer to send your supporting documentation via secure email, please request a link by using the email provided above. We are processing applications on a first-come, first-served basis.

Below are links to obtain a first or second draw PPP Loan Application Checklist, which includes links to the SBA application and a loan calculation worksheet.

If you are interested in this program and need assistance in gathering information, please email us at businessrelief@nefcu.com. If your business has an existing NEFCU membership, please contact your loan officer, or use the business relief email address. To obtain the SBA Paycheck Protection Program application, please click here. 

The Economic Injury Disaster Loan (EIDL) offered directly through the Small Business Administration (SBA) has also reached its current max funding level. Please visit the SBA website for further updates on funding.   

If you have questions, please call us at 800.400.8790. Thank you for choosing NEFCU.

Payment Protection Program Checklist and Application Links

Is this your first time applying for the Paycheck Protection Program (PPP)? If so, we have all the information you'll need. First use our check list to ensure you have the correct documentation. You'll need to visit the SBA website to complete the application - please click here to get started.   

If you previously received a Paycheck Protection Program (PPP), and are looking for a second draw for a PPP loan click here for the check list that will ensure you have the correct documentation. You'll need to visit the SBA website to complete the application - please click here to get started.

For an overview of the first and second draws of the PPP loan, please click here.