Erie Federal Credit Union

As you may know, a second round of the Paycheck Protection Program is now available. The rules have changed from the first round, and Newtek is here to help during these unprecedented times.

We want to make sure you have the most up to date information in qualifying for this 2nd round.

Here is what you need to know:
  • You can apply for a first PPP loan if you did not already receive one
  • Existing PPP borrowers, may apply for a 2nd PPP loan (even if you got one through another lender)
  • The 2nd round PPP loan offers funds to businesses under 300 employees, with loan calculated at 2.5 times payroll, 3.5 for select industries
  • Loan can be used for payroll and overhead
  • Business must demonstrate at least a 25 percent reduction in gross receipts in any quarter of 2020, including the fourth, relative to the same 2019 quarter
To apply for the additional round of funding, please click below and enter your information to begin the process. The primary mode of communication will be email so please make sure you use a valid email address that you check frequently.

Click Here
Regards,
Jon
Contact:
Jon Schmidt
Sr. Vice President
(212) 273-8241
JSchmidt@NewtekOne.com
Erie FCU will never contact members via phone, email, text message or cell phone to request personal information which you must respond to electronically. Further, Erie FCU will never request account numbers, passwords, debit or credit card numbers, expiration dates or (PIN) personal identification numbers over email, social media, phone or text messaging.