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Paycheck Protection Program.
Apply for funds from the Paycheck Protection Program.
The Small Business Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
To apply fill out the application (link below) and send it to email@example.com
Important Details for Applicants
- All applications are worked on a 1st come 1st serve basis.
- Day Air will only consider applications for existing members in good standing.
- Applications can be emailed to firstname.lastname@example.org or faxed to 937-643-3885.
- Due to the large volume of requests please allow for 1-3 business days for a response.
- View the U.S. Treasury Department Paycheck Protection Program (PPP) Information Sheet here.
- View the FAQ for the Payment Protection Program (updated 4/7/2020) – click here.
Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
Must Keep Employees on the Payroll—or Rehire Quickly
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
All Small Businesses Eligible
Small businesses with 500 or fewer employees—including nonprofits, veterans organizations,tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.
When to Apply
Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.
More COVID-19 Resources
Impacted services and locations.
Borrower Assistance Programs for members.
Paycheck protection program for small businesses.
Economic impact payment (stimulus check) details for members.
CARES Act summary for Day Air members.
How to access your account digitally.
Associate and Community support throughout the COVID-19 situation.
Safety and soundness of Day Air Credit Union.
Protect your money from Coronavirus scams.
Local, state and national resources for our members.