All branches are operating from 9:00 a.m. to 5:30 p.m. We also offer assistance through scheduled appointments.

Local Business

CARES Act Information For Small Business

The Coronavirus Aid, Relief and Economic Security Act or the CARES Act provides aid and stimulus funding for both individuals and businesses.

Larry Hueth, the CFO of Olympia Federal Savings, walking in downtown Olympia Washington in front of McMenamins

Support for Small Businesses

Updated: January 20, 2021

Thank you for your interest in the second round of Pay Protection Program (PPP) Loans with the Small Business Administration (SBA).

For this round of funding, we are utilizing an online submission portal to walk you through the application, eligibility requirements and calculations.

At this moment, we need to give priority to those business and non-profit customers who have an established and continuing business banking or business lending relationship with OlyFed, which began prior to July 1, 2020.

If you meet this criterion, please contact us and we’ll send you a private and secure link to begin your application.

In the meantime, all of the current and available information regarding PPP funding can be found on the SBA website. For all rules concerning the PPP Loan and Forgiveness programs, please refer to the U.S. Department of Treasury’s website.

If you have any additional questions regarding PPP Loans, please email. Thank you so much for your help and support!


Info for PPP Loan Forgiveness

We are deeply grateful for the opportunity to serve and help our small business and nonprofit customers through the CARES Act SBA Payment Protection Program (PPP).

We’re excited to know you’re able to put your PPP funds to positive use for your business operations and employees. We know many of you have questions regarding the eligible use and ensuing documentation needed to ensure the forgiveness of your PPP loan.

For all rules concerning the PPP Loan Forgiveness program, please refer to the U.S. Department of Treasury’s website.

In the meantime, we also recommend you consult your CPA and/or legal counsel for additional insight, support and details specific to your organization.

In addition, the Thurston Chamber of CommerceThurston Economic Development Council and other professional business associations can provide a wealth of information, expertise and assistance.

Thank you for your trust and business. If you have any questions, please direct them to our email.

PPP Assistance

For business owners needing assistance completing their SBA application(s) or pulling together the required financial information, please contact the Thurston Economic Development Council. They’re staffed with experts to help at this time. They can be reached over the phone via their COVID-19 Business Hotline (Monday-Friday from 9:30 a.m. to 3:30 p.m.) at 1 (888) 821-6652.