Member-Patricia-Orange-Background@2x COVID-19-Business-Relief—SM@2x


During the COVID-19 crisis, we want to help our business members get as much relief as possible. Below you’ll find a list of federal, state, and Affinity Plus resources, and what you should apply for first.

Please note that all of this is still evolving, and we’ll do our best to keep updating this page as new information becomes available.*

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To maximize the amount of help your business can get, we recommend that you first apply for these assistance programs created by the U.S. Small Business Administration. And who processes your application (Affinity Plus vs. the SBA) depends on the program.

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SBA Paycheck Protection Program (PPP)

4/27 Update: Though additional funding for this program was recently signed into law, several existing business members are already in line to apply for it. We’ll help as many of you as possible, in the order your request was received. But because of overwhelming interest, our business captains can process applications for existing Affinity Plus business members only.

If you’re an existing Affinity Plus business member who’d like to apply for PPP, please submit a Contact Request form.

You can also prepare by having the following documents ready to submit with your application:

Also, you can use these calculators to help determine your business loan needs:

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SBA COVID-19 Economic Injury Disaster Loan (EIDL)

As a second step, eligible small business owners can borrow up to $2 million. And also get an advance of up to $10,000 (the advance doesn’t have to be repaid). The U.S. Small Business Administration handles applications for this assistance.

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SBA Express Bridge Loan Pilot Program

This can bridge the gap while you’re waiting for the COVID-19 Economic Injury Disaster Loan decision and funding. One of our business captains can process this application for you.

Learn more about federal business relief


After applying for federal business relief from the U.S. Small Business Association, you should also explore options at the state and local levels.

  • Minnesota Small Business Emergency Loans
  • Minnesota Small Business Loan Guarantee Program
  • Some counties and cities offer business relief, too (check with your local Economic Development office or Chamber of Commerce)
Learn about Minnesota business relief


At any time in the process, you can also apply for our business relief.

Affinity Plus Business Recovery Loan

For business members whose income is directly impacted by COVID-19, the Affinity Plus Business Recovery Loan is a bridge loan, designed to help between now and when other government programs become available.

  • 3.00% fixed APR**
  • $5,000 maximum amount
  • 24-month maximum term
  • Maximum 1 Business Recovery Loan per business
  • First payment can be deferred up to 60 days after funding

To qualify for the Business Recovery Loan, you must be directly impacted by COVID-19 through financial loss from reduced revenues of 20% or more, or in an affected industry due to Stay In Place business closure.

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* This page is meant to serve as a helpful guide to our business members. But please note that our statements are suggestions, and you should consider your unique situation and business needs before applying for anything, This summary is not a substitute for legal, tax, or employment advice or guidance. Also, due to the rapidly evolving nature of the COVID-19 crisis and its economic impact, the federal, state and local resources listed on this page may not always be entirely accurate. We’ll keep it as updated as possible, but please go directly to the federal, state and local sources to confirm the latest information.

More Resources

Paycheck Protection Program loan calculators: New Business in 2020 & Non-Seasonal Employers or Seasonal Employers

** APR = Annual Percentage Rate. Subject to credit approval, and some restrictions may apply. Existing Affinity Plus business membership is required. Business membership must be open at least 60 days and in good standing. Payment Example: A loan for 24 months at 3.00% APR will result in an approximate monthly payment of $42.98 per $1,000 borrowed. To qualify for the Business Recovery Loan, your business must be an industry directly impacted by COVID-19 (retail/restaurant/hospitality, etc.), and be able to demonstrate direct and adverse effects by the COVID-19 pandemic. You must also have – or be in the application process for getting – SBA Economic Injury Disaster Loan assistance. And you must agree to pay off the Business Recovery Loan if financing is received after loan approval. The credit union reserves the right to discontinue the product at any time, for any reason.