KollelBudget may earn a commission from purchases made via the links on this website, read our disclosure policy here. Thank you for your support!

 

Home > Uncategorized > Apply NOW for PPP – SBA Approvals Have Begun

Apply NOW for PPP – SBA Approvals Have Begun

January 25, 2021 Comments Off on Apply NOW for PPP – SBA Approvals Have Begun


The SBA has already issued PPP loan approvals for eligible businesses applying through our partnership.

The full PPP application is now open and is available by clicking here!
The seamless online application should take just a few minutes to complete if you have all of the required documentation prepared ahead of time.

Your small businesses may be eligible for a loan up to $2 million even if you received one during the first round of the PPP program, so long as:

  • The first PPP proceeds were used for eligible expenses.
  • The business has 300 employees or less.
  • The business can show a 25% drop in revenue in any quarter of 2020, according to guidance from the SBA.

Need more information on application requirements? Review required documentationview FAQs and read helpful tips.

We have partnered with Eastern Union, who helped thousands of businesses apply in the first round of PPP, working with Cross River Bank – one of the top 3 PPP lenders, by number of loans, during the last round! Because this bank has a significant loan processing capacity, they can process a high volume of loans.

Some additional important information:
1) Please complete the application from your desktop computer using the Google Chrome browser. You can check your status from a mobile device but we have found that uploading documents works best from a desktop computer. Both PCs and Macs are supported

2) When uploading documents, please use the approved formatting (PDF is preferred) and ensure that you upload quality images for faster processing. For example, bank statements downloaded from your bank’s website are better than scanned documents.

3) Make sure to have your 2019 or 2020 tax documents, a copy of a voided check, a copy of your driver’s license, bank statements to support your income, and other documents that may be needed

Apply now by visiting easternunion.com/kbudget
Enter your email at the link above and continue to the application.
(If you entered your email at the above link in the past and started an application, simply enter it again to be directed to the live application and resume where you left off.)

We wish you the best of luck in getting the relief you need in these trying times.

Comments are closed.