March 19th Update: A Message from 121 Financial CEO David Marovich.
To our valued business members:
Thank you so much for reaching out to us, we are here to help you! We have gathered resources to help you and we are here for questions every step of the way. Our Governor has approved different loans for small business to help during this time please see below a few options we have found at this time: (Please note these are not credit union funded or the only options available)
- Small business owners with two to 100 employees located in Florida affected by COVID-19 can apply for short-term loans $50,000 and up to $100,000 on certain cases. These loans are interest-free for up to one year and are designed to bridge the gap to either federal SBA loans or commercially available loans. The DEO will work with every borrower to ensure that repayment of the loan isn’t an overwhelming burden. To be eligible, a business must have been established prior to March 9, 2020 and demonstrate economic impacts as a result of COVID-19. More information or to apply visit: https://floridadisasterloan.org/
- The SBA has options for higher loan request, longer terms (up to 30 years) and low interest rates. For more information or to apply visit: https://www.sba.gov
Change Orders for Business Members will be available via the commercial lanes located at our Mandarin, Middleburg, and Orange Park branches.
To request a change order, please email email@example.com . Most change orders will be fulfilled within a 24-hour period, if funds are readily available at requested branch. Fulfillment time may increase if monies are not available at the requested location.
We Want to Help You Any Way We Can
If there is something we can share on social media or another way, please let us know. Some ideas we have talked about is offering some of the deals for gift cards, savings, etc, similar to the holidays, but do it now. Our community wants to support our small businesses and we will share this information any way we can.
We have also started sharing this information on our website and social media, we promise to be your partner always, and especially in times like this. Check out our Facebook page.
Please visit https://121fcu.org/covid for all of our credit union updates related to the Coronavirus outbreak.
We will update this page with more information as it becomes available.