Supporting the Community— ACMG is Now Offering
SBA Paycheck Protection Program
We view Small Business as the backbone of our economy—it employs our members, sustains families and drives the financial well-being of the community. For these reasons, ACMG Federal Credit Union has become an authorized U.S. Small Business Administration Paycheck Protection (PPP) Lender.
What is the Paycheck Protection Program?
The PPP is a low-interest (1%) loan program designed to help small business keep employees on the job during these extremely challenging times. The SBA will forgive all or part of these loans based on the percentage of employees kept on the payroll, providing the funds are used for payroll, rent, mortgage interest or utilities. Complete program details, eligibility, documentation and guidance is available at www.sba.gov.
Why ACMG Federal Credit Union?
We realize the people who live, work and do business in this community are hurting right now. We are not a commercial lender, but we are compelled to help keep local businesses moving forward and their employees at work. We are able to assist any size employer, but we also know that smaller companies are struggling to be relevant with larger financial institutions and seem to need us the most.
Why Now? What’s the Rush?
The initial $349 billion of funding for this 3-month loan guaranty program was committed in 8 business days! While congress is negotiating the next round of PPP appropriations—and be approved at any moment—now is the time to work with us to get your application ready for submission.
We’re ready to help! Call our Lending team at (315) 488-4433 to discuss the application process.