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WI Banks and Credit Unions Prepare to Process Payroll Protection Loans

Financial institutions across the state are eager to partner with consumers, ask for patience while awaiting additional guidance on new SBA Payroll Protection Program

WBA League Joint Statement
Apr 02, 2020
By Sammy Dennis & Eric Skrum
  • Press
On behalf of Wisconsin’s community banks and credit unions, we want to assure the state's small businesses that we are eager to be your partner in weathering financial challenges brought on by this unprecedented pandemic.

In addition to guidance and instruction provided specifically to small businesses, brief guidance on the Payroll Protection Program was provided to financial institutions earlier this week. The guidance has left us with still-unresolved questions and concerns, for which our industries are proactively seeking answers

As we wait and then process more comprehensive guidance--expected in the coming hours or days--we ask for your patience. Our institutions are working tirelessly to effectively and efficiently process your Payroll Protection loan applications as soon as possible, and, moreover, to help your businesses find financial security during these challenging times.

For information on how to apply, please visit   

About The Author

Sammy Dennis is The Director of Communications at The Wisconsin Credit Union League. Eric Skrum is The Director of Communications at Wisconsin Bankers Association.