JOIN RATES CONTACT LOCATIONS EDUCATION CAREERS ESPAÑOL eBranch Login Enroll Today PERSONAL BUSINESS LOANS INSURANCE SERVICES ABOUT PAYCHECK PROTECTION PROGRAM ICCU IS HELPING SMALL BUSINESSESPPP LOAN FORGIVENESSREQUEST INFORMATION The SBA is no longer accepting PPP applications at this time. If this changes in the future we will reopen the online submission portal. PPP Loan Forgiveness Applications are being accepted at this time. Forgiveness Application Portal The U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) is a loan designed to provide direct relief for small businesses to use for payroll, benefits, mortgage interest, rent, and utilities. ICCU IS HELPING SMALL BUSINESSES For small businesses struggling during the COVID-19 pandemic, it’s our priority to help you keep the lights on. As a Preferred SBA Lender and one of the state’s largest SBA providers, Idaho Central Credit Union is committed to making this process go smoothly to help businesses and employees during this time. Applications Processed 6,300+ Relief Funds Approved $231+ MILLION Relief Funds Disbursed $230+ MILLION PPP LOAN FORGIVENESS Loan Forgiveness Application Portal Idaho Central has developed an online portal to process PPP Loan Forgiveness. Due Dates: The SBA changed due dates and due date language during the original PPP loan process. You will now have up to 10 months past your Covered Period before your first payment is due. We are making the changes within our system on a daily basis. There is nothing that you will need to do to extend your first payment due date. Select Appropriate Application If you currently have a PPP Loan, the Small Business Administration (SBA) has issued additional guidance, as well as PPP Loan Forgiveness Applications on SBA.gov. Please review the applications and see which one your business qualifies to use. Each application gives borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process. Simple Application (SBA Form 3508S). This simple form does not require any calculations on the application. You are eligible if your PPP loan was $150,000 or less. There are still items that need submitted to the SBA, but it is less than even the EZ form. You are not obligated to use this application. If you would like to use one of the other forgiveness applications you are able to do so. EZ Application (SBA Form 3508EZ). The EZ Application requires fewer calculations and less documentation for eligible borrowers. You might be eligible if you meet at least one of the following: Are self-employed, independent contractor, or sole proprietor who had no employees at the time of the PPP loan application; OR Did not reduce the salaries or wages of your employees by more than 25%, AND did not reduce the number or hours of your employees; OR Did not reduce the salaries or wages of your employees by more than 25%, AND experienced reductions in business activity as a result of health directives related to COVID-19. For more information, download the instructions for the Paycheck Protection Program EZ Loan Forgiveness Application. Standard Application (SBA Form 3508). If you are unable to meet any of the criteria listed under the EZ Application, you must use the regular loan forgiveness application. Gather Required Documentation Once you determine the appropriate application, please begin gathering the required documentation. Additional Information ICCU will have 60 days from receipt of a completed application to submit it to the SBA. The SBA then has an additional 90 days to process the application. The Paycheck Protection Program Flexibility Act also extends the potential maturity of the loan, as well as your first payment date. ICCU will work diligently to submit applications for the business members we have been able to help. Questions? Our business experts can help. REQUEST INFORMATION Learn about other Business Loans offered by ICCU. LINKS Contact Branches/ATMs Business Hours eBranch Quick Payments Additional Services Careers Security Center COVID-19 Updates Important Disclosures Account Agreement Privacy Policy ABOUT US Idaho Central is the premier credit union in Idaho and offers full-service locations throughout the Treasure Valley, Magic Valley, Eastern Idaho, and North Idaho. While growth is vital to our success, we remain focused on our mission, “Helping members achieve financial success.” Routing Number: 324173626 NMLS ID: 433926 Idaho Central Credit Union is federally insured by the National Credit Union Administration. © 2021 Idaho Central Credit Union. All rights reserved.