Wings has proudly worked with each of our members in times of need much like we’re seeing today. Rather than a one size fits all approach, we want to find solutions that meet members’ unique needs, while providing multiple ways for members to request assistance.
Many businesses are experiencing financial difficulties due to COVID-19. We are committed to finding a solution that will assist businesses in accessing the SBA Disaster Assistance programs.
The Economic Injury Disaster Loan (EIDL) is administered directly by the SBA, while The Paycheck Protection Program (PPP) is available through participating SBA Lenders. Wings is working with Central Minnesota Credit Union, an SBA preferred lender, to provide businesses access to a variety of SBA programs, including the Paycheck Protection Program.
If you are interested in the SBA PPP through Central Minnesota Credit Union, we encourage you to apply at: https://mycmcu.org/relief-business.html
You can find more information on the PPP, EIDL Loan, and other SBA relief efforts here: https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses
We are encouraging business owners to apply quickly for these programs, as funds are limited and are available on a first come, first served basis.
For members in Minnesota, resources are available through the Minnesota Department of Economic Development: https://mn.gov/deed/newscenter/covid/
If you have further questions, please contact: CommercialServices@wingsfinancial.com
Need extra space for your growing business? Or perhaps investing in income property? A commercial real estate loan from Wings Financial Credit Union can give your business a place to grow.