Thank you for choosing VyStar Credit Union to obtain a loan through the SBA’s Paycheck Protection Program (PPP). We hope these funds have been a valuable resource to your business and employees.
Soon we will begin accepting applications for PPP loan forgiveness through our online portal. Each borrower will receive an email prompting them to apply. Forgiveness applications will only be processed through our online portal; paper applications will not be accepted.
Please gather the following documents, which you will need for your forgiveness application:
Please note: VyStar is no longer accepting new PPP applications. Additional information about the program can be found at SBA.gov.
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.