We’re here to help small businesses.

The Small Business Administration (SBA) deadline to apply for a PPP loan has been extended until August 8

Apply online for a Paycheck Protection Program Loan

Quick Facts
CARES Act Paycheck Protection Program

Eligibility

  • Businesses with 500 employees or fewer
  • Businesses in operation on February 15, 2020, paying salaries and payroll taxes, and/or paying independent contracts, as reported on a Form 1009-MISC* Includes tribally owned businesses, 501(c)(19) veterans’ organizations, 501(c)(3) nonprofits, and 501(c)(3) religious nonprofit organizations. Independently owned franchises with fewer than 500 employees may be eligible.
    If you own a franchise, check the SBA Franchise eligibility directory.
  • Sole proprietors, independent contractors, and self-employed individuals documenting earned income on a Form 1099-MISC
  • The maximum loan amount is $10 million

Use of funds

  • Provide employees with the same pay, including sick leave, medical leave, and tips
  • Maintain group healthcare benefits
  • Make interest payments on existing commercial mortgage
  • Pay rent, leases, and utilities

Terms

  • Repay in up to 5 years
  • 1% fixed interest rate
  • All payments deferred for 10 months
  • No personal guarantee
  • No collateral required
  • No prepayment penalty

Visit the official website of the United States Government for program details.

Understanding PPP Forgiveness

 

Stay up to date on Forgiveness Guidelines by visiting the official website of the United States Government

SBA Economic Injury Disaster Loan (EIDL)

If you need financial assistance resulting from the COVID-19 pandemic, you may qualify for the SBA Economic Injury Disaster Loan Program (EIDL). Qualification depends on number of employees and certain other factors. If you received a PPP loan, you may also be eligible for an EIDL. EIDLs are funded by the Small Business Administration, and your application must be made directly with the SBA.

Articles of Interest

The lender for SBABizHelp.com loans is Benworth Capital Partners LLC, an authorized SBA Lender, licensed lender/servicer under Chapter 494 of the State of Florida Statues. Equal Housing Lender. NMLS #374363