Paycheck Protection Program has Reopened
The Paycheck Protection Program resumed accepting applications July 6, 2020, at 9:00 AM EDT in response to President signing the program's extension legislation. You don’t have to be a MVFCU member to apply, but you will need to establish membership PRIOR to the closing of the PPP Loan. The new deadline to have a completed application submitted for a Paycheck Protection Program loan is August 8, 2020.
Paycheck Protection Program Loan Information
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Click here to read more about PPP loan forgiveness on the SBA website.
Financing available for:
- Commercial Real Estate
- Commercial builders
- Commercial construction
- Lines of credit for working capital
- Term loans
- Commercial equipment
- Commercial aircraft
- Fleet financing
- Medical and dental equipment
Schedule an appointment today by calling 907-745-9165!
Commercial or Business Loans
Financing to help your business grow
If it's not a construction loan you need, we offer business loans for a multitude of different purposes. Contact one of our Construction or Commercial loan officers today to start your business loan application.
We offer interim construction loans to licensed general contractors to build homes for resale. The interim construction loan will most probably be for a pre-sold home. If there is not a buyer under contract for the project the credit union will consider each request on a case-by-case basis.
Supplemental packages are also available for home construction projects that require compliance with FHA (Federal Housing Administration) or VA (Department of Veterans Affairs) construction requirements.
Contact our Construction or Commercial Loan Officer today for more information.
*Construction loans are currently available in Alaska only.
Rates, terms and fees will vary depending on your individual circumstances and project.
The application packages are in PDF format and can be filled in online and printed, or simply printed and filled in manually (filled in forms online cannot be saved at this time). Once you have completed the packet, call us at (907) 745-9165 during regular business hours to set up an appointment. If you have any questions about the loan application package, call us at the above number, we're here to help you!