CARES ACT/PAYCHECK PROTECTION PROGRAM

On April 24, 2020, Congress provided an additional $310 billion in funding for the Paycheck Protection Program (PPP). Rogue recognizes how important this funding is to our business members, and we are here to help. Paper applications are due August 5th 2020, electronic applications are due August 7th 2020, or until the PPP funds are exhausted.

If you are a business that does not currently have a Rogue Credit Union membership, you must establish a membership before you can apply for the PPP loan through Rogue. Not having a membership established will slow down processing and may prevent you from securing the funds you need.  

PPP General Information:

PPP Loan Applications:

PAPER APPS DUE BY NOON, WEDNESDAY 8/5/2020. ELECTRONIC APPS DUE BY NOON, FRIDAY 8/7/2020.

  • SBA PPP Loan Application
  • Collect the Following Documents
    • 2019 Form 940
    • 2019 Form 941 for each Quarter
    • Documents to show proof of other allowable expenses paid and claimed on the application.

Submit to Rogue Credit Union by:

  • Email: Business Services
  • Fax: 541.326.0605
  • Local Branch Drop Off 
  • Night Drop (at local Branch): Place manila envelope in the Night Drop at your local branch, with "Attention Business Services"

Once we receive your application and required documentation, we will review it for completeness. RCU must then submit approved applications to the SBA for approval. Once the SBA approval and loan number are received Rogue can begin to process the loan.


LOAN FORGIVENESS

If your small business has received a PPP loan, there are specific requirements and criteria to meet, in order to have your loan forgiven. Please review the links below for more information and the PPP Loan Forgiveness Application. Please reach out to Business Services with any questions.

PPP Loan Forgiveness Instruction:

PPP Loan Forgiveness Application