Self-Help Federal Credit Union
As a long-time SBA lender, Self-Help began taking Paycheck Protection Program (PPP) applications on April 6. By early May, Self-Help had received SBA approval for over $150 million in loans for more than a thousand applicants, which helped small businesses continue to employ more than 17,000 people.
More than half of those loans were awarded to people of color. Eighty-six percent of the recipients were nonprofits.
“SBA loans have been an important part of Self-Help’s lending for many years, and we’re happy we could leverage that experience in this crisis situation,” said Tucker Bartlett, Self-Help executive vice president who has been directing the credit union's PPP efforts. Read more of Self-Help Federal Credit Union's COVID-19 story below: