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Updated over 4 years ago on .

User Stats

2,738
Posts
56
Votes
Anthony Morgan
  • Investor
  • Waipahu, HI
56
Votes |
2,738
Posts

Get SBA - PPP (Paycheck Protection Program) Now; Get Started Now!

Anthony Morgan
  • Investor
  • Waipahu, HI
Posted

Get SBA Funding with Second Round of PPP (Paycheck Protection Program):


- Loans up to $2 Million- Interest rates at 1%- No Payments for 10 months- First and Second Draws (Can apply of First or Second Draw)- Potentially 100% forgivable- Apply Online- easy to apply- Reliable working Capital, Up to 2.5x your average monthly payroll costs
**You Would Apply Online. If You Meet The Requirement Below We Would Apply Online. Let Me Know and We Will Get You Submitted Online. Email us - [email protected]**

First Draw
general requirements

  • Be a small business or sole proprietor, independent contractor, eligible self-employed individual, non-profit organization, tribal concern, housing co-op, small agricultural co-op, or other entity affected by COVID-19 in an applicable industry
  • Have 500 or fewer employees
  • In operation on February 15, 2020

Second Draw
general requirements

  • Be a small business or sole proprietor, independent contractor, eligible self-employed individual, non-profit organization, tribal concern, housing co-op, small agricultural co-op, or other entity affected by COVID-19 in an applicable industry
  • Demonstrate a ≥25% reduction in gross receipts in 2020 compared to 2019
  • Have 300 or fewer employees2
  • Have used (or will use) the full amount of the first PPP Loan on eligible expenses
  • In operation on February 15, 2020

What you need to apply

Payroll documentation is required. BlueVine recommends these documents, which have a higher likelihood of going through our automated system.

First Draw applicants

Small business with employees

  • Quarterly 941 forms, yearly 940 or 944 forms, 1120- S forms, or payroll documentation with a corresponding letter from the payroll processor

Contractors or non-employers3

  • 2019 1040 - Schedule C or F form, 1099-MISC

Second Draw applicants

Small business with employees

  • Quarterly 941 forms, yearly 940 or 944 forms, 1120-S forms, or payroll documentation with a corresponding letter from the payroll processor

Contractors or non-employers

  • 2019 1040 - Schedule C form

For Second Draw applicants only

If your loan request is over $150K, you will also be required to submit documents at the time of your application that demonstrate a 25% reduction in revenue compared to the same time period in 2019, which may include tax forms, quarterly financial statements, or bank statements.

**If you meet the requirements and want to apply for the PPP program send me a email and we can get you processed online. Email - [email protected]***

**If you have W2 employees well Also have Cares Act Hiring Incentive Tax Credit to get up to $14K for prior, current, and future employees; this is extra money to you as well**

Contact us - www.prestigebfs.com

Prestige Business Financial Services LLC

Website - www.prestigebusinessfinancialservices.com

Email - [email protected]

Phone - 1-800-622-0453

Offering