Additional funding for the SBA’s PPP is still available.
We are now accepting PPP applications from small business owners located within our field of membership who are not currently VyStar members. Those who are interested will be asked to visit a local VyStar branch drive-thru to establish business membership. Once a small business owner is verified and the account is opened, the PPP application process can be completed as soon as the following business day.
While some other financial institutions have stopped accepting PPP applications, VyStar continues to steadily process applications from current members, and we are prepared to assist additional small business owners located within our field of membership.
If you have not yet applied, we encourage you to do so now as PPP funding could soon be exhausted and applications will be processed in the order they are received.
As the federal government and SBA continue to update the program, please refer to SBA.gov for up-to-date rules and requirements.
Use the desktop versions of Chrome, Edge, Safari, or Internet Explorer to apply.
Have the following documents are available for upload before starting your application:
Continue to secure portal Check Existing Applications
Continue to secure portal
Please note: If you have already completed a PPP application, please know VyStar will submit it to the SBA in the order it was received as soon as they resume accepting applications.
Important Disclaimer: Submission of your application does not guarantee an approval from the SBA. Businesses across the country are applying for a limited amount of available funds. Funds may be depleted before all applications are successfully submitted and approved by the SBA.
The City of Jacksonville and VyStar Credit Union are collaborating on a loan program to assist local small businesses affected by the COVID-19 response. The City’s contribution to the Small Business Lending Program is expected to be between $20 and $30 million, which will be used to provide a combination of grants, interest payments and potential aid toward the principal of the loan, with some elements tied to employee retention.
Jacksonville businesses affected by COVID-19 can apply for the City of Jacksonville COVID-19 Community Relief Loan by emailing their completed application and supporting documents to JaxReliefLoan@vystarcu.org.
If you have questions related to program requirements and maintaining your grant with the City of Jacksonville, please contact firstname.lastname@example.org.
Auto and equipment loans are eligible for up to 60 days deferral of payments. Commercial mortgage loan forbearance is essentially the same as a loan deferment, meaning members can skip pre-determined monthly payments for additional financial flexibility. This allows a business member to free up cash flow to meet the needs of their businesses.
Members will be asked to complete documentation as part of our mortgage forbearance assistance. If interested, please contact your Business Banker or email email@example.com for more information and to get started.
VyStar is focused on assisting our business members as best as possible while they deal with the effects of the coronavirus (COVID-19).
We recognize this is a challenging time for many, and we are available to discuss options that are tailored to meet the individual needs of each business. We offer several options that can help improve cash flow by delaying loan payments, allowing businesses to utilize their funds to meet their needs. Whether it’s through a business auto/equipment loan, commercial mortgage or business line of credit, we can help.
For additional information, please contact your nearest VyStar branch, Business Relationship Banker or email us directly at firstname.lastname@example.org.
*APR=Annual Percentage Rate and is current as of April 1, 2020. All loans and accounts are subject to approval. Terms and conditions subject to change at any time without notice.