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Paycheck Protection Program (PPP)

Holyoke Credit Union is proud to be a participating PPP lender helping our local businesses keep their workforce employed during the COVID-19 crisis.

Paycheck Protection loans through the SBA

As of Monday, January 11, 2021, the SBA is currently only accepting applications from Community Development Financial Institutions, minority deposit institutions, certified development companies and microloan intermediaries.  Although Holyoke Credit Union does not meet those criteria, we are currently accepting applications for review at this time and will submit those applications as soon as we are permitted by the SBA. 

Accepting Applications

Holyoke Credit Union is currently accepting applications for the following loans:

  • First Draw PPP Loans – An SBA loan that helps businesses keep their workforce employed during COVID-19.  
  • Second Draw PPP Loans – Eligible businesses may apply for a Second Draw PPP loan.  
  • PPP Loan Forgiveness – Borrowers may be eligible for loan forgiveness.  


For questions about the Paycheck Protection Program at HCU call HCU’s PPP Expert:

Celia Alvarado
413- 317-2988


If you would like to apply for a PPP Loan please  CLICK HERE

For more information regarding PPP loans:

PPP First Draw Loans for first time program participants

PPP Second Draw Loans beginning January 13, 2021 for certain businesses who have previously received PPP loan

PPP Loan Forgiveness