GNCU / GCL Paycheck Protection Program

 

We are committed to helping business owners through the ongoing economic impacts of the COVID-19 pandemic. Greater Nevada Credit Union and our wholly owned subsidiary Greater Commercial Lending work together to ensure as many PPP loan applications are processed as possible. There is no prior financial relationship with Greater Nevada required to apply.

Greater Nevada Credit Union is committed to serving the needs of our community members and businesses. For programs like the Paycheck Protection Program (PPP) we turn to our wholly owned subsidiary, Greater Commercial Lending (GCL).

The SBA Is No Longer Accepting New PPP Applications From Most Institutions

As of Tuesday, May 4, 2021, the Small Business Administration (SBA) announced that the PPP general fund has been exhausted, and most institutions, including Greater Commercial Lending (GCL), would not be able to accept new applications.

SBA Statement on PPP Exhausted Funds:

After more than a year of operation and serving more than eight million small businesses, funding for the bi-partisan Paycheck Protection Program has been exhausted. The SBA will continue funding outstanding approved PPP applications, but new qualifying applications will only be funded through Community Financial Institutions, financial lenders who serve underserved communities. The SBA is committed to delivering economic aid through the many COVID relief programs it is currently administering and beyond.

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