Paycheck Protection Program
CARES Act Emergency Funding –
Eligible Businesses Can Qualify
for Loan Forgiveness
If your business has been harmed by the global
Coronavirus pandemic, you can get financial assistance.
Biz2Credit is offering support for businesses that need it.
Apply now for a loan under the CARES Act
Paycheck Protection Program.
DISASTER LOANS INFO
The United States Congress recently passed the 2020 CARES Act which will make up to $350 billion in loans available to small businesses impacted by Coronavirus.
Loan forgiveness for these loans is available for businesses that meet the requirements of the Paycheck Protection Program and maintain or restore their payroll volumes to pre-crisis levels.
These loans are meant for businesses trying to maintain payroll levels. Companies can receive up to 2.5x their average monthly payroll amount.
For those who qualify, loans can range up to $10 million and had to be submitted by August 8th. At this time, the deadline has passed and the government is not taking new applications. It is possible that an extension or a new program will be enacted, but is not yet confirmed.
BE PREPARED TO APPLY
Loans under the Paycheck Protection Program have unique documentation requirements that business owners must meet. Please be prepared to provide the following before you apply.
- IRS Form 940
- IRS Form 941 (payroll)
- Business Tax Returns
- Payroll Summary Report
- Entity Formation Documents
The Paycheck Protection Program Loan Process
Fill Out the
The SBA Accepts
Get Funds in Your Account
Loan Forgiveness Eligibility Verified
Fast Online Process
Complete loan application for the Paycheck Protection Program online. Upload your required document and fill in a short questionnaire about your business. It's fast and secure. A Funding Specialist will get in touch with you to complete the process.
Disclaimer: The Paycheck Protection Program (PPP) is currently expired as of August 8th. It has been widely reported that the Federal Government is considering an extension to the program, or an additional program with similar features. However, Biz2Credit cannot guarantee that the program will be extended or that a new program will be established.