Northwest credit unions stepped up to the plate in the second round of the Small Business Administration’s Paycheck Protection Program (PPP) and provided thousands of loans to the very Main Street businesses for which the program is intended – locally owned restaurants, barber shops, bakeries and small construction companies.
The Northwest Credit Union Association heard time after time that they either maintained or even doubled the number of loans they provided in the first round.
Highlights from the region include:
Greg Philo, a member of Clackamas FCU in Milwaukie, Oregon, had good feedback on the program.
“As a business owner, I just want to thank you.” Philo, the owner of FIRE Restoration, said. “When you own a business, it becomes personal, like a child or family. So, when it is jeopardized and someone is directly instrumental to helping out through tough times, it means a lot! I once did the math on how many families and people are directly dependent on FIRE for their livelihood. The number is well over 400 men, women, and children. So please know that your efforts have blessed those 400 people! You are a hero!”