Business Lending & Services

Business Lending & Services
With Newtek and Jersey Shore Federal Credit Union, you can relax knowing your business is in good hands.

Newtek Business Services

We've partnered with Newtek Business Services, Inc., to ensure that your business is able to reach its full potential and succeed. Newtek can give your business a competitive edge when it comes to meeting your lending, merchant processing, payroll services, group employee health insurance, commercial property and casualty and Web services needs.

Newtek can assist you with:

CARES ACT - COVID 19 Paycheck Protection Program

We have partnered with Newtek Business Finance Solutions to offer Paycheck Protection Program (PPP) loans to small business owners. A second round of PPP is now available.

The rules have changed from the first round, and we are here to help during these unprecedented times. Our partners at Newtek Business Finance Solutions want to make sure you have the most up to date information based on the new legislation.

Here is what you need to know:

  • You can still apply for the first round of funding if you have not yet received a PPP loan
  • Round 1 and Round 2 loans can be used for payroll and overhead
  • The 2nd round PPP loan offers funds to businesses under 300 employees, with loans calculated at 2.5 times payroll, 3.5 for select industries
  • For Round 2, businesses must demonstrate at least a 25 percent reduction in gross receipts in any quarter of 2020, including fourth, relative to the same 2019 quarter
Newtek experts are committed to helping you understand the process required to gain this valuable funding.

Get Started Today!

Take advantage of the many benefits Jersey Shore Federal Credit Union membership can offer your business.

Member Service Representatives are available by phone during business, evening and weekend hours. Check our Call Center Hours for availability.