SBA Paycheck Protection Program (PPP)

SBA Paycheck Protection Program (PPP)

Updated July 7, 2020: the SBA deadline to accept PPP application has been extended to August 8. To begin your application, please click on the Kabbage link below.

Apply for PPP through Kabbage

Farm Credit West has collaborated with Kabbage, an online financial services company, to offer a conduit to process Paycheck Protection Program (PPP) loan applications for our customers, up to $2 million. Click below to get started on your application.

The link below is being provided as a convenience for customers of Farm Credit West, ACA (“FCW”) or anyone who uses the FCW website as a conduit to access the Kabbage website and information relating to the CARES Act and Paycheck Protection Program (“PPP”). By clicking the link, you acknowledge you will be directed to a third-party website that is not affiliated with FCW and you may receive marketing materials from this third-party. Furthermore, you acknowledge there are risks associated with using a third-party solution wherein FCW does not have control over the customer experience. The inclusion of this link on the FCW website does not imply endorsement by FCW nor does it imply or guarantee acceptance by or inclusion in the Kabbage PPP program.

Apply for PPP on Kabbage

 

What you need to know about PPP before applying:

 
  • Businesses and sole proprietor employers can apply anytime.

    Eligible business applicants must have less than 500 employees.

  • Loan amount is determined based primarily on documented payroll-related costs.

  • PPP offers a 2-year term, 1.0% fixed interest rate.

  • No payments for first six months. 18 monthly principal and interest payments thereafter.

  • Applicant must be authorized to borrow on behalf of the business.

  • PPP loans cannot be applied for and received at more than one financial institution.

  • If workforce and pay-roll is maintained, SBA will forgive the portion of the loan proceeds used to cover the first 8 weeks of  payroll and certain other expenses following loan origination.

  • Visit SBA Paycheck Protection Program for more detailed information.