Apply: SBA PPP Loan
Continue the online application for your PPP loan.
Continue to the online application with our PPP lending partner:
Frequently Asked Questions:
Why are you connecting me with a partner lender?
Given the demand for PPP loans, we want to be sure everyone who needs one gets one. So, we have joined with a partner who we know can meet the huge demand and who offer a streamlined online process. We are very excited about the level of service you will get, particularly if you're self-employed or a sole-proprietor.
What size loan am I eligible for?
Your loan amount can be based on your 2019 or 2020 gross earnings using a tax return Schedule C form. Divide the gross earnings (line 7) by 12, then multiply by 2.5. Your earnings are capped at $100,000, so the maximum loan size is $20,833.
Can I apply to multiple lenders?
We strongly advise not doing this. Applying with more than one lender is causing problems for many borrowers. The SBA sees multiple applications and can flag you for fraud. Why? To the SBA, it can appear as if you are seeking more than one loan, which is prohibited by law.
Do I have to have good credit?
No. The PPP loans do rely on your credit background or the credit background of your company. There is no credit check or minimum score required. In addition, the PPP loans do not require any collateral.