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Redstone is fully committed to the CARES Act for business members

The CARES Act and the Paycheck Protection Program are uniquely positioned to help small business through the COVID-19 pandemic. 

Redstone is pleased to help its business members take advantage of the CARES Act and the programs released by the Small Business Administration (SBA) and Department of Treasury.

To Apply for the Paycheck Protection Program

The deadline to apply for the Paycheck Protection Program was August 8, 2020. Applications are no longer being accepted for this program.

To Apply for PPP Loan Forgiveness

At this time, Redstone is delaying our acceptance of forgiveness applications until it is determined the process has been properly vetted and finalized.

  • • Changes to the forgiveness application and submission process are anticipated
  • • You may have to resubmit information should the SBA make updates to the process
  • • Redstone is developing an electronic application for easier submission

In accordance with the PPP loan guidelines, businesses have up to six months from the date of loan disbursement to apply for forgiveness.

Please check back for updates.

If you have PPP loan questions specific to the requirements of forgiveness, repayment, or tax implications, please visit the SBA website or contact your tax professional.



Documents required to open account and obtain loan. See membership and loan application for more details. Loan subject to SBA requirements. RFCU is an Equal Credit Opportunity Lender.

Small Business Administration (SBA) Loans are government-assisted loans. RFCU and SBA are separate entities.

At least one owner of the business must be, or become, a member of RFCU®, or be in our field of membership in order to open a business account, obtain a loan or use any business service. A minimum balance of $5.00 is required to open and must be maintained in share savings account at all times to become a member. In addition, a business share account must be opened in the business name in order to obtain a loan. Documents required to open account and obtain loan. See membership and loan application for more details. Fees and other restrictions may apply. Loans subject to credit approval. RFCU is an Equal Credit Opportunity Lender.

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