Paycheck Protection Program​

COVID-19 Business Resources

SBA Paycheck Protection Program​

The CARES Act Paycheck Protection Program has been designated for a second round of funding. For a limited time (while we have capacity) Columbia CU is accepting Requests from existing member-businesses. If you own or manage a business that had business accounts at Columbia CU on or before March 1, 2020, request an application below. Once we again reach capacity, this site will be updated.

LOAN FORGIVENESS (Updated 5/20/20): If your PPP loan has already been funded, we know you’re interested in the loan forgiveness process and required documentation. Columbia CU continues to wait for final forgiveness guidance from the SBA. However, to help borrowers prepare, see the FAQs below and a useful link to the US Treasury’s PPP Forgiveness Application and Workbook. We encourage borrowers to work with their trusted tax and legal advisors. Once a loan reaches the forgiveness window, no sooner than eight weeks after the loan was disbursed, borrowers should anticipate an email from Columbia CU providing a specific link and instructions to apply for loan forgiveness. Because this is a complex program, some changes may occur once the SBA provides final guidance on the application. If so, you’ll see updates here.

Additional business resources can also be found below, including information on the SBA’s Economic Injury Disaster Loan.

Find COVID-19 Business Resources by State

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Support for Workers and Employers

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Resources for Oregon Businesses

Help for business members

Business Resources for Washington and Oregon

We realize that many businesses are now facing uncertain times. At Columbia Credit Union, we are here to help our members, their businesses, and our community. If your business is facing financial difficulties, please contact your relationship manager to discuss your specific business needs, or reach out to us to discuss:

Options for payment deferrals on small business loans

New loans or extending existing credit

SBA Loan assistance

Federal Economic Injury Disaster Loan

The Small Business Administration is offering an emergency loan program for small businesses in Washington and Oregon. The Economic Injury Disaster Loan (EIDL) is designed to keep small businesses and self-employed people afloat in the immediate aftermath of the COVID-19 pandemic.

Apply with the Small Business Administration and view the EIDL Fact Sheet to learn more.

Washington state

Support for Workers and Employers

State agencies have been working with federal agencies, employers, and workers to support businesses and workers affected by COVID-19. We’ve laid out some resources that businesses and their employees can look to for help.

City Small Business Assistance Programs Coming Soon

The City of Vancouver hopes to launch new small business assistance programs in response to the COVID-19 pandemic in late June. Learn more and submit a letter of interest here.

COVID-19 Impact Webinar for Small Businesses Announced

The Washington State Small Business Liaison Team is hosting a free webinar about the state responses, resources and other impacts affecting small businesses during the pandemic. The webinar is available for free online on multiple dates now through July. Register for the webinar here.

The Employment Security Department has information for employees and employers about possible benefits such as Paid Family and Medical Leave, unemployment benefits and SharedWork. 

The Department of Labor & Industries oversees the state’s paid sick leave law, the workers’ compensation program and workplace safety issues. The agency has FAQs on these and other topics related to coronavirus.

The federal Centers for Disease Control and Prevention has recommendations to help employers keep their workers safe with sick leave policies, cleaning routines and more.

The state Department of Revenue has information on relief for taxpayers, including extensions for filing and paying tax returns.

The IRS posted filing and payment deadline Q&As to address the federal filing and payment extension to July 15 and the additional extension to Oct. 15, first quarter estimated tax payments, IRAs and HSAs.

Insurance Commissioner Mike Kreidler urges all insurers doing business in Washington to immediately extend automobile insurance coverage for personal delivery drivers to aid people temporarily assigned this duty during the coronavirus pandemic and state of emergency. 

In addition, the Office of the Insurance Commissioner has information about insurance coverage businesses need to protect themselves from potential losses.

*Use the IRS’s Get My Payment tool to check the status of your payment now.

**Non-filers can use this IRS Direct Deposit tool.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive a stimulus check of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child. Eligible retirees and recipients of Social Security, Railroad Retirement, disability or veterans’ benefits, as well as taxpayers who do not make enough money to normally have to file a tax return will also receive a payment.

For more details read the IRS Economic Impact Payments FAQ.

How to get paid:

If you filed your taxes in 2019 or 2018 no action is required. The IRS will use your tax return information to calculate the payment amount, and Direct Deposit that payment into the same banking account reflected on the return filed. If no banking information is available, a check will be mailed. Use the IRS’s Get My Payment tool to check the status of your payment.

If you did not file a tax return in 2019 or 2018 and do not receive Social Security, disability, or Railroad Retirement benefits, use the IRS’s tool to register for a payment.

Learn how to find your account number to set up Direct Deposit.

Avoid scams related to economic payments.

Oregon Resources

Resources for Oregon Businesses

The Small Business Administration is providing guidance, loan assistance, and debt relief options for impacted businesses nationwide.

The Business Oregon Coronavirus (COVID-19) Resources for Businesses page can also provide more information on how Oregon businesses can receive aid.

Remote Access

Business Online and Mobile Banking

Manage your finances when and where it’s most convenient to you.

  • Funds transfer, e-statements, check ordering, bill pay, custom reports
  • Manage finances for multiple businesses under one log in
  • Track and report your monthly business expenses with QuickBooks
  • Send wire transfers with multi-factor authentication and added security

Download the free Columbia Credit Union app: App StoreGoogle Play

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