We’re here to make growing your business easy.
Is your business ready to expand? Enrichment can help with flexible business financing. Whatever your business needs, we can help you get there.
Paycheck Protection Program
Enrichment will continue to accept PPP applications for existing members as long as funds remain available through the SBA.
If you're an Enrichment FCU member who owns a business, but you're not yet a business member, you can submit your PPP application online(Opens in a new Window).
Any changes made by Congress, the Department of the Treasury or the Small Business Administration may affect our ability to further process or approve applications.
We’ll contact you with any status updates by email. Our contact center and branches will not have information on your application’s status.
Update as of July 2nd: Any applications that are submitted at this time will be held until the SBA reopens their portal for submission.
Apply for Paycheck Protection Program
PPP Forgiveness
On June 5th, the PPP Flexibility Act was signed into law which provided significant concessions for loan borrowers as we move into the forgiveness period. Among them:
- Extension of original 8-week spending window to 24-weeks.
- Reduction of 75% payroll requirement to 60%
For now, it is our recommendation for you to wait until closer to the end of the 24-week covered period, beginning on the date of your PPP loan, to submit any forgiveness paperwork. This will allow you ample time to spend the funds appropriately to gain loan forgiveness. As we work through this phase of the PPP loan program, we will reach out to all our PPP borrowers to expedite the forgiveness process.
Contact a Business Loan Specialist
Have more questions? Our Commercial Loan Team will help determine which loan
is right for you and walk you through the process.
Commercial
Auto Loans
Take your business where it needs to go with an Enrichment Commercial Auto Loan.
Business Equipment
Loans
If you need new equipment or machinery to maximize your productivity and your profit, an Enrichment Business Equipment Loan is just the thing for you.
Business Line
of Credit
Having easy access to cash is a valuable asset in today's fast-paced business world. Unexpected expenses happen, and we can help protect you.
Term Business
Loan
Enrichment Fixed Term Business Loans help finance long-term, strategic investments, business expansion, permanent working capital and refinancing long-term assets.
