Business Resources for Information and Financial Assistance

Resources and assistance for business members

Business owners and employers have been especially impacted by COVID-19 (coronavirus). As a trusted provider of business services we want to make sure that all of our business members and members who may have business accounts elsewhere are equipped with the resources they require to weather the current situation.

Below we have compiled several trusted resources that may be able to help during these unprecedented times.

If you have any questions or would like to learn more about Ideal CU's business services please contact Business Relationship Specialist Josh Anderson by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or call him at 651-773-2763.

PPP Flexibility Act Brings Important Changes to the Paycheck Protection Program

Small businesses struggling to remain afloat during the economic upheaval caused by the coronavirus pandemic received some relief with the passing of the Paycheck Protection Program (PPP) as part of the historic CARES Act. The program provides eligible businesses with unsecured loans to help them cover payroll, rent and other ongoing business expenses, with the possibility of partial or complete loan forgiveness.

On June 5, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law, making significant changes to the PPP program. Read our new blog post to learn what you need to know about these changes. Read more.

Washington County MN Offering Relief Grants to Small Business Owners

Washington County is opening applications for financial assistance for businesses in the county that have been negatively impacted through additional expenses or lost revenue due to closures during the response to the COVID-19 pandemic. The Washington County Small Business Relief Fund, provided by the federal CARES Act, will provide grants of up to $15,000 to small businesses in need of support. Applications will be accepted between August 10 and August 24, 2020. Applicants will be notified if they are eligible for a grant on or before August 31, 2020. Applications will be managed by Tyler Hilsabeck, Open to Business - Business Advisor, at the Washington County Community Development Agency, 7645 Currell Blvd., Woodbury, MN 55125. Learn more at www.washingtoncountycda.org.

If you have any questions or would like to learn more about Ideal CU's business services please contact Business Relationship Specialist Josh Anderson by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or call him at 651-773-2763.