The GNCU has partnered with Greater Commercial Lending (GCL) to offer mortgage payday loans under the Paycheck Protection Program (PPP) program. However, there are fees associated with these loans. The application processing fee is $25, and a 5% late payment fee applies. This loan product is only available to customers who use the Greater Nevada Digital Banking system.
GNCU has partnered with Greater Commercial Lending (GCL) to make Paycheck Protection Program (PPP) loans
The Paycheck Protection Program is part of a larger federal government strategy to help small businesses get the financing they need. The new program is open to both first-time borrowers and those that received an earlier PPP loan.
The maximum loan forgiveness is $20,833 for owner-employees and $15,385 for self-employed borrowers. The maximum loan forgiveness for each type of business is determined by the type of business and the borrower’s Covered Period.
PPP loans can be taken out on a weekly or biweekly payroll cycle. The covered period must begin on the first day of the first pay period following the disbursement date of the loan.
GNCU offers mortgage payday loans
If you’re in need of extra cash but don’t have the money to pay off your credit card balances, GNCU offers mortgage payday loans. These loans offer flexible repayment terms and low interest rates. They are ideal for debt consolidation, protecting your account from overdrafts, or giving you a little extra help during unexpected life events. They are also unique in that you get instant access to your available credit, unlike a fixed-amount personal loan.
Application processing fee
GNCU is a credit union with a history of helping people in the Nevada community. Today, it has a membership of nearly 65,000 people and more than $875 million in assets. It has branches throughout the Northern Nevada area and also has a presence in southern Nevada. It is a member of CO-OP Financial Services, a network of credit unions that provide shared services.