Although you may have applied for the PPP loan with your bank, it may be beneficial to apply with multiple banks in the hope that one of them will be able to process it first.
The fact that FinTech and non-bank lenders have been approved to participate in the distribution of PPP loans will make a world of difference when more funds are appropriated. Small businesses would have benefited more had these lenders been approved earlier in the process.
Partnering with a FinTech platform, enables automation of tens of thousands of small businesses to submit PPP applications within minutes.
Until now, shluchim and other Not-for-Profits were told that they’re not eligible for these loans – which is simply not the case! Any entity that has a payroll up to 500 employees – can apply for this loan.
The first batch of funding quickly ran out, but Congress is about to pass the next round of funding. As this is on a first come first serve basis, it is important you apply as soon as possible to secure funding.
It’s Fast, Simple and Easy!
Documents you will need to upload include: W-3 (employee 1099 if applicable), 941, Drivers License, Corporate Formation Document – Filing Receipt, so please have these handy.
Apply Here
https://www.calaloanadvisors.com/
