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Business Services

Paycheck Protection Program (PPP)


The Relief and Economic Security Act, or the CARES ACT, was signed into law. A provision of this law that may be beneficial to your small business and employees is the Paycheck Protection Program (PPP).

Paycheck Protection Program (PPP) Loans 
  • Loan is based on the applicant's average total monthly payment for payroll costs for the 1-year period before the date on which the loan is made times 2.5. For a seasonal business, average total monthly payroll payments will be based on the 12-week period between 2/15/2019 and 6/30/2019.
  • Business was in operation on 2/15/2020 and had employees for whom it paid salaries and payroll taxes or paid independent contractors (reported on a form 1099-MISC).
  • The SBA guaranty fee is waived.
  • If loan proceeds are used for payroll, health care, utilities, mortgage/rent, utilities and employees retained then the client would apply for forgiveness of a portion or all the loan amount.
  • If some or all proceeds are used for other purposes not listed above, that portion of the loan would not be forgiven and would then have a 2-year loan term at an interest rate of 1%.
  • The first 6-12 months of payments may be deferred.
  • No collateral or personal guaranty required.
Due to the overwhelming demand O Bee CU has opted to contract with a third party to process, fund and ensure the grant portion of this program is honored. This is a fully automated process through lenders that specialize in Payment Protection Program. A lender outside of O Bee Credit Union may be contacting you for additional information.


SBA Offers Disaster Assistance 
The Washington State Department of Commerce wants businesses in our state to know that the U.S. Small Business Administration (SBA) has amended its original disaster declaration to apply to all Washington small businesses, regardless of county.

These low-interest loans for working capital are now available to any small businesses suffering economic fallout from the COVID-19 outbreak. SBA disaster assistance is now available in all counties within the state of Washington. SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.

Applicants may APPLY ONLINE, receive additional disaster assistance information and download applications HERE

Call SBA’s Customer Service Center at (800) 659-2955 
Email SBA’s Customer Service Center



Working Washington Small Business Emergency Grants

The Department of Commerce is offering a new Working Washington Small Business Emergency Grant (WWSBEG) to assist small businesses impacted by the COVID-19 outbreak. Sixty-four (64) businesses will be awarded $10,000 each. These funds are limited. Small businesses located in Thurston County who qualify for the grant program can apply and get complete instructions by clicking the button below. This process may take 5-6 weeks before funding occurs.

  1. Download the application and fill it out electronically.
  2. Email it to the Thurston Economic Development Council (EDC) at
  Working Washington Emergency Grants   

Creative, Common-Sense Business Services

The O Bee Business team offers creative, common-sense financing designed to fit your specific business needs. Each business we work with comes to us with dreams, goals and a lot of grit. We focus on logical steps to make it happen. We’ve been helping small, medium and large sized businesses grow and profit for more than 15 years. No matter the size, your business is big to us. Contact us today to set up an appointment and learn how the O Bee Business team can help your business prosper.
Paycheck Protection Program (PPP)



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It's all about the Benjamins. Put your money to work with a Business Savings account at O Bee.

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