The CARES Act for Small Businesses

Paycheck Protection Program (PPP)

On May 4, 2021, the Small Business Administration informed trade associations that Paycheck Protection Program (PPP) funding has been exhausted and that the PPP application portal has stopped accepting applications for loans from lenders such as Webster First Federal Credit Union. As such, Webster First Federal Credit Union is no longer accepting applications for PPP loans.

Please visit the SBA’s PPP webpage for the latest information made available by the SBA.



Loan forgiveness

The next phase of the PPP process is underway, and we are excited to announce our partnership with Lendio to help process your loan forgiveness application. Lendio will provide a high-tech, high-touch solution to provide a streamlined forgiveness application process for PPP borrowers. This will include both a secure, intuitive web-portal and end-to-end support through dedicated loan forgiveness agents. You will receive further instruction from Lendio on how to apply for forgiveness when the PPP loan forgiveness application portal becomes available to you. More information on PPP loan forgiveness can be found here.