Important Notices

  • All Gesa branches and the Member Contact Center will be closed on Thursday, November 26, 2020 in observance of Thanksgiving Day. Normal hours of operation will resume on Friday, November 27, 2020. If you need immediate access to your accounts during the closure, please use Xpress Digital or Telephone Banking.


    Due to a significant increase in call volume, hold times may be longer than usual. Our Member Contact Center remains open Monday through Friday 7 a.m. - 7 p.m., except holidays, and from 9 a.m. to 5 p.m. on Saturdays to serve you. Thank you for your membership and we apologize for any inconvenience.


    Before visiting any of our locations during normal business hours, please CLICK HERE see a list of currently closed branches and branches with modified services.

Paycheck Protection Program Forgiveness

The Paycheck Protection Program, enacted with the passage of the CARES Act, is designed to aid employers and workers during the coronavirus (COVID-19) pandemic. The Paycheck Protection Program loan is structured to help small business owners pay expenses such as payroll, interest paid on a mortgage, rent, and utilities, and ranges in amounts from $10,000 to $10,000,000.

The Small Business Administration (SBA), in consultation with the Department of the Treasury, is providing guidance to address questions concerning forgiveness of these Paycheck Protection Program (PPP) loans.

For more information about Paycheck Protection Program Forgiveness, please read the FAQ section below.

Frequently Asked Questions

Is Gesa Credit Union accepting SBA PPP forgiveness applications? 

Yes, the SBA is now processing PPP loan forgiveness applications. 

Will my SBA PPP loan be automatically forgiven?

The SBA in consultation with the Department of Treasury has streamlined SBA PPP loans that are $50,000 or less.  They provided a new application form 3508 S. Your loan amount could be fully forgiven, unless you received an Economic Injury Disaster Loan (EIDL) advance from the SBA. If you received and EIDL advance of $10,000 or less, that amount will be deducted from the SBA forgiveness amount. The SBA has the discretion to partially forgive your loan. 

What happens to the portion of my loan that is not forgiven?

Gesa will give you the option to pay your remaining balance in full, or make monthly payments amortized over the remaining term of the loan at the agreed upon interest rate of 1.00%. 

What application do I use if my SBA PPP loan was more than $50,000?

SBA PPP loan amounts greater than $50,000 for sole props, contract employees, 1099 employees will use the form 3508 EZ application. SBA PPP loan amounts greater than $50,000 for those borrowers who do not qualify for the EZ form requirements will use the form 3508 application. 

What recent changes has the SBA made to this loan program?

After June 5, the SBA extended the cover period from 8 weeks to 24 weeks. In addition, they extended the payment deferral period from 6 months to 10 months after the cover period ends.   

What if I have additional questions regarding the SBA PPP Forgiveness process?

For more information, check out the PPP Loan Forgiveness FAQ document.

Where can I find the SBA PPP Loan Forgiveness Application?

Gesa is using a third party vendor to process the forgiveness applications. Please do not complete an application from the website and send it to Gesa. We are only processing applications and obtaining supporting documentation through the link listed below.

  • Begin your application online.
  • ID is the business name, exactly how it is reflected on the PPP application.
  • Password is the business’s EIN number, no spaces or dashes.

If I have questions for a Gesa Team Member, who do I contact?

Please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. if you have any questions regarding the SBA PPP Forgiveness process.