Small and micro business loans and one-on-one technical assistance are also currently available for member businesses.
Grant Opportunity If your business has lost revenue because of COVID-19, you may qualify for a recovery grant! We are now accepting applications for round two of a small grant program designed to help small businesses, non-profits, and entities on Indigenous Land. Grants are available to small businesses and non-profit organizations that have suffered a 25% decrease in revenue because of COVID-19. Visit our website for eligibility and application information. Round two will close soon!
Visit Coop Fed’s website to start your grant application now.
Loans & Advising
If you don’t qualify for a grant or need other funding – we are accepting applications for small and micro business loans! We offer loans, lines of credit, and credit cards for working capital, equipment, real estate and more. Submit an inquiry through our secure online loan portal, BusinessLoanConnection.
Our staff can help you with free, one-on-one technical assistance on a variety of business and personal finance topics. Plus, we can connect you with resources available from other local and national organizations. For business advising, contact Hanah E. For personal financial counseling, contact the Syracuse Financial Empowerment Center (FEC). Coop Fed is an FEC partner, counseling provider, and service location.
Payroll Protection Program Alert
The SBA Payroll Protection Program (PPP) is currently set to close on August 8. All applications must be fully processed by the deadline. If you have not yet submitted an application but still plan to do so – check in with us ASAP!
Cooperative Federal – Cooperative Federal is a unique credit union: part small business lending machine and part non-profit community development organization. Member-owned and operated, Cooperative Federal works to build our community and to advance social justice. Serving small and micro businesses is a huge part of Cooperative Federal’s mission to grow a strong, fair local economy.
Recovery Grants are made possible by the Federal Home Loan Bank of New York (FHLBNY). Other eligibility criteria apply. Grant application subject to qualification by FHLBNY and Coop Fed.