Saint Louis, MO – For Massey Tuckpointing and Masonry, the U.S. Small Business Administration’s Paycheck Protection Program (PPP) helped keep the company’s 10 employees on the payroll, and benefits active, as the greater St. Louis area struggled to flatten the curve during the initial safer-at-home stage of the COVID-19 pandemic.
“There was a lot of worry, a lot of fear,” said Michelle Massey, owner. “The lockdown put us behind on several contracts, which impacts any new contracts we receive. As a small business, we don’t have a large reserve and depend on the revenue our crews bring in for payroll, benefits, and other business expenses.”
Formed in 2002, Massey Tuckpointing and Masonry is a certified Women’s Business Enterprise (WBE) providing industrial and residential tuckpointing, chimney repair, or masonry projects for the greater St. Louis area. The company has an A+ rating by the Better Business Bureau, and is winner of the TORCH Award, which recognizes companies committed to exceptional standards for ethical business practices and service to their customers, employees, suppliers, and communities.
However, even with a stellar reputation, Massey Tuckpointing and Masonry had trouble applying for the PPP loan.
“I was with another ‘Big Bank’ when the pandemic came along, and they couldn’t help me. I called Together Credit Union, and was able to set up my business account so I could apply for the loan. The member service they provided from setting up my account to getting the loan was phenomenal,” revealed Massey.
Together Credit Union is currently serving as the lender for 276 approved PPP loans totaling more than $9 million.
“Michelle has been a member of the Credit Union for more than 50 years, and it was our pleasure to help her. It has been extremely rewarding to participate in the PPP lending. Our team has been able to expand our reach beyond commercial portfolio members and assist new members,” said Paul Sheahan, Vice President of Business Services.
During the first half of the year, more than 630 business accounts were opened, joining the 4,200+ business members already utilizing Together Credit Union’s services. To learn more about business banking, click here. For more information regarding this announcement, please contact Julie Linder, Public Relations & Events Strategist, by calling (573) 268-0639.
About the Credit Union: Together Credit Union is currently serving as the lender for 300 SBA-approved PPP loans totaling more than $9.5 million. Learn more about Together Credit Union’s Business Banking »