On the HFCU Member Business Loan Application, please complete the top four lines on the first page, the ownership information and questions on the second page and sign the third page. You only need to fill out the Business Loan Application as outlined, you do not have to fill out the other forms.
If you do not currently have a Business Membership with HFCU, this is necessary. Please call one of our HFCU Branches to determine what documentation will be needed to establish a Business Membership and schedule an appointment to open one.
We will need the supporting documentation as to how the average monthly payroll was calculated, based upon the definition outlined in the Paycheck Protection Program Application (page #3, “Instructions for completing this form”).
We need acceptable back up to your “Average Monthly Payroll” calculation and proof that you had employees on February 15, 2020.
Acceptable back up is as follows: