The Downtown Olympia and Hawks Prairie branch are providing drive-thru only customer assistance today (Friday, January 21).
All other branch lobbies may also experience periodic temporary closures; however, drive-thrus remain open for customer assistance, Monday - Friday from 9 a.m. to 5:30 p.m.

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: May 5, 2021

Thank you for your interest in the second round of Pay Protection Program (PPP) Loans with the Small Business Administration (SBA). Today the SBA announced that the PPP general funds have been exhausted and the SBA PPP application portal has now stopped accepting applications for loans from most lenders, including OlyFed.  This means OlyFed is also no longer accepting PPP Loan applications from customers.

If you have any additional questions regarding PPP Loans, please email us. 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.