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Self-Help Credit Union

Paycheck Protection Program Loans

Forgivable Loans to Help Your Business or Nonprofit Weather the Crisis

UPDATE: On May 5, 2021, SBA notified lenders that funding allocated for Paycheck Protection Program loans is nearly depleted. SBA is reserving the remaining program funds for PPP loans submitted through Community Financial Institutions (CFIs). As a CFI, Self-Help will continue to offer PPP loans. SBA will stop accepting PPP applications on May 31, 2021 (or earlier, if funding is depleted prior to that date). 

If Self-Help is currently processing your PPP loan application, we will continue to work with you to obtain SBA approval. The remaining funding reserved for CFIs may run out soon, however, so please provide your loan officer with any requested information as quickly as possible.  

If Self-Help has notified you that SBA approved your PPP loan application, then your loan will close and fund. SBA will fund all SBA-approved PPP applications.

If you do not already have a PPP loan 

As in the previous rounds of PPP, Self-Help is focusing on assisting nonprofits and small businesses run by women and people of color. We're also focusing the program in areas where we have a credit union branch presence, including North Carolina, South Carolina, Florida, California, Chicago, Milwaukee, and eastern Washington. We want you to have the best chance of obtaining a PPP loan, so we suggest you locate PPP lenders who are CFIs through SBA’s website at or click the link below to apply through the following CFI:

To be added to Self-Help's waiting list, you may fill out this form to provide us with your information. We cannot guarantee that we will be able to serve you, but in the event we are able to work with you on your PPP loan application, we will contact you. 

To learn more about Self-Help's PPP lending and the small businesses and nonprofits we serve, visit our website at

PPP Loan Guidance

Please see the Tools & Resources below for current information to help you navigate the PPP loan process. Self-Help is monitoring updates from Congress, the Treasury Department and SBA for any changes to the program and will update this page with new information as it becomes available. 

Tools & Resources

Self-Help Resources

  • Have questions on PPP? Find answers to commonly asked questions in our PPP FAQ (updated as of April 6, 2021)
  • ¿Tiene Preguntas de Perdón? Encuentre Respuestas a preguntas comunes en nuestro Documento Perdon para el PPP (actualizado al 3 de diciembre del 2020)

Forgiveness Documents

Loans $150K or Less

Loans Over $150K

How can I make sure all of my PPP loan gets forgiven? 

In general, under the current laws and guidance, your PPP loan will be eligible for forgiveness if: 

  • At least 60% of PPP loan funds are used towards payroll costs and any remaining loan funds are used to pay eligible business expenses;
  • PPP loan funds are used within 8 to 24 weeks from the date received; and
  • Staff and wage levels are maintained (subject to exceptions).

For more detail on the requirements for forgiveness, read our PPP FAQ located in the Tools & Resources box on this page.


When can I apply for forgiveness?

Self-Help is staggering access to our online forgiveness portal, based on the date you received your loan. As we open our portal to loans in your date range, you will receive an email from us with your unique link to access your application, along with step-by-step instructions to help you maximize forgiveness on your PPP loan. You may not apply for forgiveness for your 2nd PPP loan prior to applying for forgiveness for your 1st PPP loan.

What is the deadline for applying for forgiveness?

You should apply for forgiveness within 10 months + 24 weeks from the date you received your PPP loan funds (about 15.5 months). If you apply for forgiveness within that timeframe, payments on your PPP loan will be deferred until SBA has processed your forgiveness request. If you do not apply for forgiveness within that timeframe, you must begin making payments on your loan. Self-Help will email your access link to apply for forgiveness in advance of the end of your deadline.


How do I apply for forgiveness?

If you received a PPP loan from Self-Help, you will receive an email from our team with instructions on how to access your loan and enter your forgiveness information in our online portal. It is not necessary to download an application from the SBA website and fill it out. You will enter this information in our online portal.

If you did not receive your PPP loan from Self-Help, you cannot apply for forgiveness through Self-Help. You will have to contact your PPP lender and follow their instructions to apply for forgiveness.


What if I still have questions?

Check out our PPP FAQ: PPP forgiveness is complicated! Find detailed answers to common questions in our PPP FAQ located in the Tools & Resources box on this page.

Additional COVID-19 Resources for Small Businesses & Nonprofits

  • Additional Resources: Self-Help has compiled a listing of a few of the COVID-19 Resources for Small Businesses & Nonprofits available nationwide and in states where our sister credit union Self-Help CU has branches.
  • SBA COVID-19 Relief Options:SBA offers several programs directly (not through Self-Help or other lenders). To learn more about these programs and to apply, visit SBA's website at COVID-19 relief options (
    • Economic Injury Disaster Loan (EIDL) and Advances: The EIDL program provides low-cost, long-term loans to provide economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue due to the impact of COVID-19. Certain applicants may be eligible for an EIDL Advance (a grant of up to $10,000). To learn more and to apply, go to SBA's website at COVID-19 Economic Injury Disaster Loan (
    • Restaurant Revitalization Fund (RRF): The RRF program will provide grant assistance for eligible restaurants, bars, food trucks, and other for-profit food service businesses impacted by COVID-19. To learn more and to apply, go to SBA's website at Restaurant Revitalization Fund (
    • Shuttered Venue Operators Grants (SVOG): The SVOG program will provide grant assistance for eligible venues. To learn more and to apply, go to SBA's website at Shuttered Venue Operators Grant (

Fraud Alert: Due to requirements under the Freedom of Information Act, SBA has released information on all PPP loans, including borrower name, address, loan amount, loan date and lender. Please be aware that fraudsters are targeting small businesses and nonprofits during these economically difficult times. As always, exercise caution if you are proactively contacted by someone claiming to represent SBA or Self-Help. Neither SBA nor Self-Help requires you to work with any agents to obtain a PPP loan or to request forgiveness on your PPP loan. To learn more about scam and fraud alerts, or to report fraud to SBA, visit SBA's Scam & Fraud Alerts webpage.