Apply for a Paycheck Protection Program Loan
There are 3 easy steps to apply for a PPP loan:
Step 1 – Complete the Initial PPP Application by clicking on the blue "Apply" button below. You will recieve an introductory email within minutes. In additiona, an Application Advisor (based in the U.S.) will be assigned to you and will be in touch the same day you apply to set you started.
Step 2 – Download Forms for your type of application – First Draw or Second Draw or Schedule C forms. Your Application Advisor will assist you in identifying the right docuents.
Step 3 – Upload to a secure Box folder we assign the required documents for your type of application and legal form of business.
If you need additional information to compete the Forms or about the documents to collect, click on the Documents menu tab at the top of the page.
When We Receive Your Completed Application
When we receive your COMPLETED package:
A. We will review your Forms and documents as soon as they are complete.
B. We process applications in a first-come-first-serve basis. If the forms and documents are not complete, you will be notified to correct. You will be ask to notify us again when the corrected documents ready, in which case you will start over in line. It is worth the extra time to double check that your documents are complete the first time.
C. When your douments are complete, we will forward the package to your lender for approval. Note: if your lender is a credit union, you will be requred to join the credit union for that lender to make the PPP loan.
D. If your lender approves the package, we will forward the application to the SBA for an approval of a guarantee for your PPP loan.
E. When the SBA approves the guarantee on the PPP loan, we will prepare a closing package and email it to you to digitally sign.
F. When you sign the closing package it is automatically returned to us. We complete additional documents for the lender and forward the package to the lender.
G. The lender will open membership and deposit accounts (if required) and either disburse the funds to a deposit account at that lender or send you the funds via wire, ACH, or check.
The entire process can be completed in under two weeks if you are (1) diligent and prompt in uploading the required forms and documents and (2) prompt in responding to any questions we have. We will notifity you at the completion of each major step in the process.