SBA Loans

Flexible Small Business Loans

The Small Business Administration offers several loan programs to help you grow your business by offering more flexible financing options, including a lower down payment and longer amortizations.

If you are looking to expand your business, purchase real estate and equipment, or need assistance with cash flow or succession financing our experienced lenders will guide you through this complex process every step of the way.

PPP Loan Program Update

The SBA Paycheck Protection Program has expired, and applications are no longer being accepted for new PPP loans.  SBA continues to accept applications directly for new loans and increases in the for EIDL Economic Impact Disaster Loan program. More information and a link to apply for that program can be found at:

For more information on PPP Loan forgiveness of loans that were closed at WESTconsin Credit Union please see the section below. 

IMPORTANT UPDATE: New SBA Paycheck Protection Forgiveness Application Information

WESTconsin Credit Union is a proud partner of the Small Business Administration in providing the Paycheck Protection Program to assist our business members in navigating the many challenges they have faced during the pandemic. The final step for this program is applying for forgiveness and certifying the funds were used as intended under the program. We have invested in technology to offer additional support as you navigate this important step on an easy-to-use platform.

Members that obtained a PPP loan at WESTconsin Credit Union will receive an invitation and link to our platform with specific instructions unique to their loan at least 4-6 weeks prior to the first payment due date and you do not need to take any action until that time if you choose. Under the terms of the PPP loan program, you have until the maturity date of the loan to apply for forgiveness.

We are also accepting all applications initiated by members with PPP loans that were closed ten or more weeks ago if they choose to apply earlier. To initiate an application please click on the following link to start the process.

Below are some helpful tips when completing the application:

  • To ensure full loan forgiveness we recommend members wait a minimum of 10 weeks with 24 weeks being preferred to apply for forgiveness. 
  • Use the email you normally receive correspondence from WESTconsin Credit Union to validate your identity.
  • You may apply either from your phone, tablet or laptop computer, however slow internet speeds may reduce platform performance. If you are having trouble connecting, try again with a different device or location with increased internet speed.
  • If you need help finding your Business Industry (NAICS Code) you can search keywords of your business in the Business Industry box.
  • Your covered period is 8 to 24 weeks. We recommend using the full 24 weeks. If you chose a 24-week covered period, you may simply add 167 days to your loan date to determine the end date of your covered period.
  • If you are requesting forgiveness for a 2nd Draw PPP loan, you must upload evidence of a 25% decline in revenue.

Please click on the following to SBA’s website, for more information about forgiveness processing guidelines.

If you have questions regarding your PPP loan you may email us at [email protected]

SBA Express Loans
SBA 7a Loans
SBA 504 Loans