Connecting businesses, churches, non-profits, and independent contractors to lenders for the cares act funding
Connecting businesses, churches, non-profits, and independent contractors to lenders for the cares act funding
The first PPP round closed within 10 days. Make sure you are prepared and get connected!
The first PPP round closed within 10 days. Make sure you are prepared and get connected!
START YOUr APPLICATION NOW!
START YOUr APPLICATION NOW!
OUR FAIR SHARE
OUR FAIR SHARE
Committed to helping you get your fair share everywhere else.
Committed to helping you get your fair share everywhere else.
Strategic partnership with lenders
Strategic partnership with lenders
You can also find eligible lenders in your area through the SBA - Search Lenders interactive map here or contact your business bank.
let us help you!
let us help you!
learn more about how to COMPLETE YOUR APPLICATION here
learn more about how to COMPLETE YOUR APPLICATION here
By the end of each webinar, you should have a general idea as to whether anything else is needed to submit your application and supporting documentation to a community lender.
WHO'S ELIGIBLE
WHO'S ELIGIBLE
Small business with less than 500 employees
- Sole proprietorships, Partnerships, C- Corp, S-Corp and LLC
- Independent contractors and Self-employed individuals
- 501(c)(3) nonprofit
- 501(c)(19) veterans organizations
- Tribal business (sec. 31(b)(2)(C) of Small Business Act)
- Other
Do you have everything you need?
Do you have everything you need?
The PPP first round closed within 10 days. Use our checklist HERE to ensure you are well prepared to successfully complete the loan process.
How Can You Prepare for and Use Your PPP Loan?
How Can You Prepare for and Use Your PPP Loan?
Prepare: Gather your documents
Prepare: Gather your documents
- Payroll costs include salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee).
- Employee benefits including costs for vacation, parental, family, medical, or sick leave; an allowance for separation or dismissal.
- Payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit.
- State and local taxes assessed on compensation.
- For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.
ppp loan ONLY coverS THE FOLLOWING:
ppp loan ONLY coverS THE FOLLOWING:
- Payroll costs and employee commissions or similar compensations
- Insurance premiums and group healthcare benefits during paid sick, family, or medical leave
- Mortgage interest payments (but not prepayment or payment of mortgage principal)
- Commercial space rent and utilities
- Interest on any other debt obligations incurred before January 31, 2020 and April 3, 2020
- Refinancing SBA EIDL loan made between January 31, 2020 and April 3, 2020
Application Process
Application Process
The application process may seem daunting, but we have provided a checklist here to guide you through the requirements and help you prepare to have the information readily available for your lender.
The application process may seem daunting, but we have provided a checklist here to guide you through the requirements and help you prepare to have the information readily available for your lender.