VyStar opens SBA PPP application process to non-members until funding is exhausted
JACKSONVILLE, FL (May 8, 2020) — VyStar Credit Union today announced that it will begin accepting applications for the SBA’s Paycheck Protection Program (PPP) from small business owners who are not currently VyStar members for as long as federal funding remains available.
While some other financial institutions are no longer accepting PPP applications, VyStar is extending the opportunity to all small business owners located within its field of membership to best serve the entire community. Individuals who are interested in applying are encouraged to do so now as funding could soon be exhausted and applications will be processed in the order they are received.
Jenny Vipperman, VyStar’s Chief Lending Officer, says, “We are dedicated to helping as many small businesses as possible in our community get the funds they need. That is why we worked hard to identify and implement a process that allows us to efficiently accept PPP applications from small business owners, including those who are not currently VyStar members.”
Small business owners will be asked to visit a local VyStar branch drive-thru to establish business membership. Once a small business owner is verified and the account is opened, the PPP application process can be completed as soon as the following business day. Vipperman adds, “We are determined to make obtaining funds as seamless as possible to provide small businesses with the support they need.”
To determine whether your business falls within VyStar’s current field of membership, visit www.vystarcu.org/Membership-Benefits. Those interested in applying should visit www.vystarcu.org for qualification requirements and directions on how to apply.
VyStar is committed to supporting local small business owners every step of the way.
About VyStar Credit Union
VyStar Credit Union is the second-largest credit union headquartered in Florida, with over 80 branches and now serves more than 975,000 members with assets of over $14 billion. VyStar is the largest mortgage lender in Northeast Florida and a major employer in the region with over 2,500 employees across the communities it serves. VyStar membership is open to everyone who lives or works in the 49 contiguous counties of Central to North Florida, 29 Georgia counties, and past and present military members and their families all over the world. For more information, visit vystarcu.org, and follow us on Facebook, Instagram, X (Twitter), and LinkedIn.
