If you have a business account at Westerra, we are standing by, and ready to work with you to find a solution for your specific situation:
CARES Act (SBA Loans)
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress in April 2020 are intended to assist business owners with current needs. For the most up-to-date availability of these programs, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here. The CARES Act programs include the Paycheck Protection Program:
- The Paycheck Protection Program (PPP) is an SBA loan designed to help keep workers on the payroll. Borrowers may be eligible for PPP loan forgiveness. Funds are no longer availalbe for this loan.
Westerra Credit Union Business Relief Line of Credit (Non-SBA Loan)
Westerra Credit Union is offering a Business Relief Line of Credit (Non-SBA Loan) for our current members.
- The Business Relief LOC will have a 12 month draw period and will have a special interest rate of Prime (the "Index") plus 0% margin rate, for the first 6 months.
- To apply, just email us at BusinessBankingGroup@westerracu.com and put “Business Banking Help” in the subject line. We will reach out to discuss this special low-interest line of credit and other options for your specific situation.
For more information, please call us at 303-321-4209 or email BusinessBankingGroup@westerracu.com. Additional resources are available at www.sba.gov or through the SBA Customer Service Center at 1-800-659-2955.
Learn more about Business Accounts at Westerra.
Local Banking for Local Business.