We are proud to have helped over 500 small businesses with $50 Million in Paycheck Protection Program Loans, which positively impacted over 11,000 jobs in 2020.
Paycheck Protection Program Round 2
We are ready to assist you with a Second or First Time PPP Loan. We will begin accepting applications here through our automated application portal as early as the week of January 11th. We are awaiting details from the SBA as to when we can begin submitting applications to the SBA for approval. We will email all borrowers who participated during Round 1 when our application is live and available on our portal. Please continue to check here for announcements.
PPP Second Draw Loan Eligibility
To be eligible you must have fewer than 300 employees, have used or will use all funds from your first PPP Loan, need a loan less than $2 million, and demonstrate a 25% reduction in gross receipts during the 1st, 2nd, 3rd, or 4th quarter of 2020 relative to 2019.
We have begun the forgiveness process with our borrowers through our automated forgiveness application platform. If your loan is $150,000 or less, we will email you a link to the latest simplified application for forgiveness that was passed as part of the latest Covid 19 Relief Bill as soon as it has been released by the SBA. In the meantime, please do not hesitate to contact us at [email protected] with any questions or concerns.
Forgiveness Application Process Loan Forgiveness Checklist (PDF)
Visit the U.S. Department of the Treasury.