We're Here for You.
Triangle Credit Union is committed to providing the resources our small business members need to get through the economic challenges they face due to Coronavirus (COVID-19).
Please see below for the options that may be available to you through the U.S. Small Business Administration (SBA).
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
A SBA Express Bridge Loan allows small businesses that currently have a business relationship with a SBA Express Lender access up to $25,000 with less paperwork. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
- Up to $25,000
- Fast turnaround
- Will be repaid in full or in part by proceeds from the EIDL loan
The SBA works with a number of local partners to counsel, mentor, and train small businesses. The SBA has 68 District Offices, as well as support provided by its Resource Partners, such as SCORE offices, Women’s Business Centers, Small Business Development Centers and Veterans Business Outreach Centers. When faced with a business need, use the SBA’s Local Assistance Directory to locate the office nearest you.
Additional information from the SBA can be found here.
A list of programs that is continuously updated, including many state and local government business initiatives.
A responsive toolkit, advice on HR, planning, and remote work, as well as other resources.
State-by-state listings of programs, guidelines, and information, including tax assistance and tax relief.
Official OSHA guidance for all types of employers on keeping employees safe and your obligations.
Provides support for small businesses in MA, especially those owned by women and minority founders.
Our Senior Management Team is meeting remotely on a daily basis to ensure that our employees and members remain safe and healthy. Triangle Credit Union follows the proposed recommendations of our local governments, the Centers of Disease Control (CDC), and the World Health Organization (WHO). For a complete update on the changes we have made, we encourage you to read our blog post that is updated when new changes are implemented.
As an SBA Preferred Lender, Triangle Credit Union has the tools you need to help you and your business during this health crisis. If you need additional resources, please contact us so we can provide you with more information.