The SBA-PPP loan program round 2 of funding has been overwhelmingly successful. Thousands of loans were approved and many clients received funds. Yet there are more funds appropriated for the PPP program if you have not applied you can apply here:
Thousands of SBA-PPP loans filed with Kabbage have already been approved. Yet, many are still waiting in the queue. Factually, if you did not already receive a status update email from Kabbage saying your loan was approved or issued an E-TRAN number — we advise you to fill out a new application with Cross River Bank using the link above.
EIDL Loan Update:
Agricultural businesses ONLY are now eligible to submit applications today. However, we believe the SBA will open up applications to all small businesses shortly.
If you are a business with over $2 million gross annual expenses seeking Economic Injury Disaster Loan (EIDL) funding — a type of UNFORGIVABLE LOAN that can provide up to $2 million in funding for fixed business costs.