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Help Tell Your Your Lawmakers to Support The PPP Small Business Protection Act

Please take a moment of your time and reach out to your lawmakers via the link below.  We are asking them for support of the Paycheck Protection Program Small Business Forgiveness Act. 

Contact Your Lawmaker

Recently, The Paycheck Protection Program Small Business Forgiveness Act was introduced in Congress. The passage of this act will allow small businesses to easily have Paycheck Protection Program loans forgiven by their lender, relieving the burden of extensive paperwork and requirements.
 
The Paycheck Protection Program Small Business Forgiveness Act would provide forgiveness for (PPP) loans of $150,000 or less. All the borrower would need to do is submit an attestation form to the lender. The bill also ensures that the lender will be held harmless from any enforcement action if the borrower's attestation contained falsehoods.
 
With your help, we hope Congress will pass the provisions needed to simplify the forgiveness process soon. Please continue to watch for updates from ATCU in the form of future email blasts and on this webpage.
 
For further questions, please email our SBA PPP address:
 

How Can ATCU Help Me with the SBA PPP Loan Forgiveness?

We appreciate the overwhelming response to our recent invitation to help small businesses through the processing of Small Business Administration (SBA) Paycheck Protection Plan (PPP) applications approved in the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act.

ATCU is no longer accepting new SBA PPP loan applications. We are focused on helping ATCU recipients of the SBA PPP Loan Funds complete the application for forgiveness phase of this program.

Here are some things you will need to be aware of as you begin to prepare for the forgiveness phase:

Please let us know how this loan has helped your business survive during these challenging times. We would like, with your permission, to provide positive feedback to our staff, our membership, the community and the Small Business Administration.  If you desire to share your experience, please email [email protected]

For additional resources you may find helpful in navigating these difficult times, please visit the Small Business Administration (SBA) website.  The Alabama Small Business Development Center Network website also provides webinars you may find useful.  We also encourage continued communication with your attorneys, accountants, etc. for clarification of the impact of the utilization of these resources to your business.  

To submit your application package and/or if you have questions about your current ATCU SBA PPP loan, please contact us by emailing [email protected] or calling 1.800.470.0704.

 

By submitting the required items either in part or in whole, I understand, acknowledge, and agree that the Lender and Other Loan Participants can obtain, use and share tax return information for purposes of (i) providing an offer; (ii) originating, maintaining, managing, monitoring, servicing, selling, insuring, and securitizing a loan; (iii) marketing; or (iv) as otherwise permitted by applicable laws, including state and federal privacy and data security laws. The Lender includes the Lender’s affiliates, agents, service providers and any of aforementioned parties’ successors and assigns. The Other Loan Participants includes any actual or potential owners of a loan resulting from your loan application, or acquirers of any beneficial or other interest in the loan, any mortgage insurer, guarantor, any servicers or service providers for these parties and any of aforementioned parties’ successors and assigns.

Please do not use email to send Alabama Teachers Credit Union communications which contain confidential information, such as Social Security or Account Numbers. You may either call us or send confidential information through the U.S. Postal Service. All third-party links are provided as a courtesy. We don't endorse or control the content third-party websites and these websites' privacy and security policies may differ from those practiced by Alabama Teachers Credit Union.

 

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