PPP is Here - Apply Today
Add your contact info and you'll be directed to the application link!
WHAT YOU SHOULD KNOW:
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Borrowers may receive a loan amount up to 2.5x the average monthly payroll in the one year prior to the loan or the calendar year (up to $2 million). Restaurants and other hospitality businesses may multiply those costs by 3.5x, making them eligible for slightly more funding
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Loan is 100% forgivable when proceeds are used as directed
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Most business entity types are eligible - even sole proprietors and independent contractors
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The legislation includes $284 billion for PPP
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Borrowers may apply for the second round of PPP, even before applying for forgiveness on their first round
- If you've already received a PPP loan, you may apply again as long as:
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You have no more than 300 employees
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You can demonstrate a loss of 25 percent of gross receipts in any quarter during 2020 when compared to the same quarter in 2019
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You've used the full amount of your first PPP loan before the second loan is disbursed
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*Disclaimer: SBA Loan Group and SBA Funding (collectively known as Business Funding Group, or BFG) are not a U.S. Small Business Administration's ("SBA") Paycheck Protection Program bank or a lender and we do not promise or guarantee any loan from any bank or lender. Any relationship or documentation for an application to be submitted or reviewed will not be submitted to BFG, but submitted directly to and with the provider that we've engaged in a joint venture with exclusively for the Paycheck Protection Program. BFG will only refer you to our exclusive joint venture partner which is licensed and authorized by the SBA to participate or provide loans for the Paycheck Protection Program.