SMALL BUSINESS PAYCHECK PROTECTION PROGRAM (PPP)

To our valued members seeking information on either a first draw PPP loan or a second draw PPP Loan, please refer to the information below and the attachments provided to you as informational material that has been supplied to Mid-Atlantic by the SBA. Mid-Atlantic Federal Credit Union cannot give you advice with regards to any individual borrowers eligibility or the information that you must supply with your loan application. We instead suggest that you consult your financial professionals for the advice that you require. We will begin accepting applications 9:00 AM on January 15, 2021. We understand that many of our members have had significant hardships during this Pandemic. We ask that you please be patient as we are processing the applications and rest assured if you have a question or an issue with the application that we will respond to you as quickly as we can..

MAFCU is only accepting electronic PPP applications (no paper applications will be accepted). Additional information on completing the application can be obtained by clicking on the question marks inside each circle throughout the application. 

MAFCU is accepting first and second draw PPP Loans for existing Business Members only. Increases to existing first PPP loans will not be processed.  

Once you are logged in, there are a few options to choose from:

  • If you have applied for a PPP Loan with us before, do not sign up for a new account. Use the same e-mail and password you used when you were applying for your first PPP Loan
  • If you are an existing Member and have already received a PPP Loan through us, sign in using the same e-mail and password you used when you were applying for your first PPP Loan and choose “Second draw based on (your PPP loan no. and amount will be displayed).” This option will auto import information from your first application.
  • If you are an existing Member and are applying for your first PPP Loan, you will need to sign up for a new account, then login, then choose “Start a blank first draw PPP loan application”
  • If you are an existing member and you received a PPP Loan from another Lender, you will need to sign up for a new account, then login in, then choose “Start a blank second draw PPP loan application”

Thank you,

MAFCU Representative

 

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 PPP Interim Final Rule (IFR) As Amended by the Economic Aid Act 01.06.2021

 PPP Interim Final Rule (IFR) Second Draw Loans 01/06/2021

 Open a Business Membership