The Small Business Administration (SBA) just announced that there are still funds available for PPP loans. As the law is currently written, PPP loans may be available only until June 30, 2020. All qualified businesses, including independent contractors and sole proprietors should consider applying for a PPP loan.
Many banks are no longer accepting PPP loan applications. The Small Business Administration has provided us list of lenders that are still offering the loans. The lenders are:
- OnDeck
- Benworth Capital
- BlueVine
- Funding Circle
- Intuit QuickBooks
- PayPal
- Ready Capital
- Square
- Credibly
- Lendio
- Fundera
- biz2credit
- American Express
- Advantage Capital
SBA will also will have virtual office hours to answer questions about the PPP loans. Participants can call in at:
Tuesday - Friday, 3pm – 4pm
202-765-1264; Conference ID – 334 550 292
Tuesday and Thursday (Spanish), 10am – 11am
202-765-1264; Conference ID – 881 947 609
WFCA is working with legal counsel and Lobbyit to provide further update information to members on PPP loans, and other topics and issues relating to the coronavirus.
Disclaimer: Any reference or linkage to any website, person, organization, products, or services on WFCA’s website or communications is for information only, and does not constitute or imply that WFCA endorses, recommends, or validates such references or linkage.
