Flexible Small Business LoansSBA Small Business Loans

At WESTconsin Credit Union we are proud to be a SBA Express Delegated Lender. That means we can underwrite, approve and process your SBA Express loan quicker and easier.

• Loan amounts up to $350,000
• Loan decisions generally within three (3) business days
• Down payments as low as 10%
• Eligible for most business loan purposes
• No packaging fees
• Lines of Credit
• Term loans
• Owner occupied real estate loans with maturities up to 25 years

• Loan amounts up to $5,000,000
• Down payment as low as 10%
• Eligible for most business loan purposes
• Term loans for equipment purchases
• Owner occupied real estate loans with maturities up to 25 years

• Owner occupied real estate and large equipment projects
• Down payment as low as 10%
• Loan amounts from $200,000 to $10,000,000
• Up to 25 year low fixed interest rate   

WESTconsin Credit Union is here to assist you as best we can. As we receive more information from the SBA and other government agencies, updates will be made to this page. In the meantime, here are helpful links about these agencies and programs:

• SBA PPP information
• Small Business CARES Guide and Checklist (U.S. Chamber of Commerce)
• Coronavirus: Small Business Guidance & Loan Resources (SBA)

Preparing Information for PPP Forgiveness

To begin preparing we recommend the following steps:

• The covered period is the period of time after your loan was closed that the funds must be used on eligible expenses to be eligible for forgiveness.
• If your loan was closed prior to June 5, 2020 you may elect an 8 week (56 days), or 24 week (168 days) covered period (If your loan was closed after June 5^th your covered period is automatically 24 weeks)
• 60% of the funds spent during this period must be on payroll costs
• The remainder of the funds can be used on other eligible expenses including mortgage interest, rent, lease payments and utilities

• Many payroll companies have created individualized reports for their customers to use in applying for PPP forgiveness.
• You may have tax considerations to consider in terms of timing when to apply and how it affects other aspects of your tax planning that are important to discuss with a tax professional.

3. Review and follow Forgiveness Application Instructions including required supporting documentation requirements that have been released by SBA when completing you application and gathering data.

If your PPP loan amount was UNDER $50,000 follow the links below:

• 3508S Instructions 
• 3508S Application

• 3508EZ Instructions
• 3508EZ Application
• 3508 Instructions
• 3508 Application

For the most up to date guidance released by SBA and the Treasury follow the following link: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses

If you have specific questions regarding your PPP loan, you can email them to [email protected]WESTconsincu.org