Whether your company needs $10K or $10M, our commercial lending affiliate gets your SBA 7(a) PPP loan processed FAST. Average loan funding is just 10 days. Corporations, LLC's, independent contractors, & sole proprietors all qualify.
The Paycheck Protection Program (PPP) is an SBA disaster loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. It is designed to provide a direct incentive for small businesses to keep their workers on the payroll.
The loan will be fully forgiven if at least 75% the funds are used for payroll costs. The remainder can be used for interest on mortgages, rent, and utilities. Loan payments will be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees. This loan has a maturity of 2 years and an interest rate of 1%.
General Documents Needed
For businesses applying for a PPP Loan:
For 1099 Independent Contractors or self-employed individuals applying for a PPP loan:
For all applicants:
The Paycheck Protection Program is available through our commercial lending affiliate right now and will only be available through June 30, 2020.