Prepare Your Application for the SBA Paycheck Protection Program

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On December 22, 2020 Congress passed the stimulus bill which provides for new for Paycheck Protection Program loans and other small business relief. Read more about that legislation and apply for a PPP loan here .

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The SBA CARES Act, including the Paycheck Protection Program, is now law. It includes some relaxed qualification criteria when compared to a traditional SBA 7(a) loan, making it a viable option for business owners seeking funding.

What is the Paycheck Protection Program?

The SBA Paycheck Protection Program is the official name of the $367 billion in funds allocated by congress and administered by the Small Business Administration (SBA). It’s part of the 7(a) loan program with the goal of providing low-interest loans with favorable terms to small businesses impacted by the current economic crisis caused by COVID-19.

California loans arranged pursuant to Department of Financial Protection & Innovation Lenders License 60DBO-98588