Small Business Information

Wasatch Peaks Credit Union is here for you and your business

We have proudly funded 274 PPP loans, providing over $20,500,000 in relief and saving the jobs of 2,596 local small business employees. 

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES) was signed into law and now provides relief not only to individuals, but also to businesses who have been impacted by the COVID-19 coronavirus and pandemic.

Small Business Administration Loans

One major way that the CARES Act provides aid to businesses is through the new Small Business Administration (SBA) loan program. This program is designed to provide financial assistance to businesses effected by the COVID-19 pandemic. There are important details regarding this aid, so check out our post with more information.

For questions or to get started on your SBA loan, please give us a call at 801-452-7880 or email us at business@wasatchpeaks.com.

Paycheck Protection Loans For Small Businesses

Get federal relief with the Paycheck Protection Program (PPP). Small businesses can apply for a forgivable loan to help maintain payroll, retain workers, purchase necessary supplies, and more. These loans are backed by the Small Business Administration (SBA) and designed to provide cash-flow assistance during these uncertain times.

• Most small businesses are eligible
• No loan payments for the first six months
• No collateral or personal guarantees required

Ready to get started? Here's how your small business can apply for a PPP loan.

Current Members

For current business members, please complete our streamlined process by filling out and submitting your online SBA CARES Act application which can be found in your Online Banking.

Prospective Business Members

For prospective business members, we have an easy process to begin the SBA CARES Act application.

Please download the form using the button below, fill it out, scan or take a picture of the completed form, and return it to business@wasatchpeaks.com.

Utah COVID-19 Commercial Rental Assistance Program

Utah small businesses that rent commercial property may receive pandemic relief from the Legislature. Following a legislative special session and appropriation, the Utah Governor’s Office of Economic Development (GOED) is pleased to announce the COVID-19 Commercial Rental Assistance Program.

What Our Clients Say

"We are all so incredibly grateful for all of the help Wasatch Peaks has given to us. To have applied and funded in 50 hours, is beyond a MIRACLE!!! Thank you!" -- Terrie T., Mountain View Eye Center

Additional Information

Check out our FAQ about the Paycheck Protection Program or visit our CARES Act article and get more in-depth information on the business provisions of the CARES Act and get details about: 

• Employee Retention Credit
• Deferral of Employer’s Share of Payroll Taxes
• Net Operating Losses
• Business Interest Expense Limitations
• Excess Business Loss Limitation
• Qualified Improvement Property “Fix”

At Wasatch Peaks, we’re here to help our members during difficult times. Please contact us if you have any questions or concerns regarding your accounts or loans with us.