Relief for Businesses

The current economic disruptions caused by COVID-19 may cause financial challenges for many businesses. During this time, Idaho Central is offering borrower assistance including a Payment Protection Program, a Skip a Payment option on most business loans, SBA Loan Options, and a Business Relief Loan.

Paycheck Protection Program

We are once again accepting Paycheck Protection Program applications.
Due to high volumes nationally, we cannot guarantee allocation of funding. Membership qualifications apply.

The Paycheck Protection Program provides small businesses with the funds to pay up to eight weeks of payroll costs, including benefits. After payroll has been paid if there are funds left over they can be used to pay interest on mortgages, rent and even utilities.

Starting April 3, Idaho Central will begin to submit applications to the SBA for funding (or as soon as the program officially begins). We encourage you to submit your information to ICCU as soon as possible. Funds are limited.

Learn More

Skip a Payment

Skip a loan payment for up to 60 days on your current business loan, allowing you to free up money for unexpected expenses. Loans include:

  • Business Auto Loans
  • Business Term Loans
  • Business Visa Cards

Plus, we’re waiving the processing fee.

To set up Skip a Payment for your ICCU SBA Loan, Line of Credit, or Commercial Real Estate Loan, call 1-800-456-5067, use VideoChat, or inquire online.

Inquire Online
Please reference your loan type and your interest in skipping your payment.

Choosing to perform a subsequent action (skip a payment) will extend the original term of your loan. Except with regard to the payment schedule alteration described above, the terms of the original loan agreement remain in full force and effect. ICCU is not responsible for any fees or charges that result from payments skipped pursuant to this Business Subsequent Action Form. Further, ICCU does not waive any rights to pursue legal and equitable remedies in the event of default otherwise occurring nor does this subsequent action release any borrower or guarantor from liability under the applicable loan documents.

Important note: If your payment is made through Business eBranch, you will need to go into eBranch and stop your automatic payments for the skipped period.

SBA Loan Options for Assistance

As a Preferred SBA Lender, we are able to help you in various ways with payment deferments with your current SBA 7(a) loans at Idaho Central.

For those small businesses needing assistance, the SBA also has a direct loan offering. You can find more information by visiting

The information and assistance coming from the SBA is changing on a daily basis. We will continue to communicate that information to our small businesses affected across Idaho. If you have any questions on your SBA specific loan, reach out to our dedicated SBA specialists.

Contact an SBA SPecialist

Business Relief Loan

Idaho Central Credit Union is here to help you and your business achieve financial success. That’s why we’re offering a Business Line of Credit to help members who may need relief to keep their doors open and employees paid.

  • Favorable rates
  • 3-year draw period with a 5-year option to term out
  • Up to $250,000*
  • 0% interest for 90 days
  • Origination fee waived

*Allowed allotted loan amount may be up to 20% of business’ 2019 revenue.

Click below to start the application process for an ICCU Business Relief Loan:

Start an Application
Please reference the Business Relief Loan in the additional comments.