U.S. Small Business Administration Paycheck Protection Program

Community First Guam Federal Credit Union is a certified lender in the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP). The PPP is a federal program that authorized up to $349 billion in forgivable loans to small business throughout the country to retain their employees during the COVID-19 crisis. PPP Overview.

The next round of PPP funds is rolling out and Community First is ready to help!

 

STEP 1:
Complete Questionnaire

 

In order to make the process as smooth and efficient as possible, we recommend completing a short Questionnaire about your business: Community First SBA PPP 2021 Questionnaire.

 

STEP 2:
Gather Documents

 

The following are important documents that will help you complete your PPP application:

 

• Revenue Reduction Support - Gather financials and bank statements to help support this.
• Payroll Records - To confirm your business was in operation February 15, 2020.
  • IRS Form 941 for each quarter of 2020
  • 1099s
• Business Documents -
  • Articles of Incorporation/Organization
  • By-Laws/Operating Agreement
  • Business License
  • Partnership Agreement
• Personal Information - For any owners you may need to provide valid identification.
• Tax Returns & Statements - Have these available if needed.

 

STEP 3:

Complete and submit the SBA PPP Application.

Click here for first time PPP applicants

Click here if you have received a PPP loan previously

 

Please send your completed application to ppp2021@cfirstguam.com and a Loan Officer will contact you for additional information.

 

Visit the official SBA website for additional information on the PPP.