We're still accepting and processing PPP Loan Applications
Whether you’re a small business, a 501(3)(c) non-profit, an independent contractor, a minority business, a women owned business or self-employed, we welcome you to PPPays
You are eligible for a PPP loan from PPPays if you are a small or medium sized business or a nonprofit with less than 500 employees
2.5x
Monthly Payroll Coverage
Get up to 2.5x or 250% your average monthly payroll expenses (or average monthly income for non-employers)
1%
Interest
1% annual percentage rate with maturity of 5 years and first payment deferred for 6 months. No fees.
0
Collateral
No collateral or personal guarantees are required. Loan forgiveness if funds are used to retain existing employees.
<500
Employees
Most business and nonprofits with 500 or fewer employees are qualified to apply
How PPPays helps:
Our bank partner is one of the most savvy and efficient lenders in the United States. Our platform empowers you to:
Complete your digital application and submit in <30 minutesGet your loan processed faster when compared to other lenders (days, not weeks)Expedited loan submission via our proprietary technology which interfaces directly with the SBA’s online electronic systemHappy to lend in any industry to small and mid size businesses, nonprofits and to independent contractors and sole proprietors.
- Restaurants
- Distributors
- Catering
- Bars
- Grocery Stores
- Convenience Stores
- Food Growers
- Construction
- Electrical
- Electrical
- HVAC
- Auto Repair
- Manufacturing
- Medical
- Entertainment
- Personal Grooming
- Hospitality
- Child Care
What do I need to start?
Use this checklist to prepare the information and documentation you’ll need to apply:
Payroll Records
Full year of payroll processor records and / or payroll tax filings (e.g. Forms 940, 941, 944) covering January 2019 through February 2020. Note: Many payroll processors have created custom PPP reports for their customers in their online portals.
Identifying Business Information
Information to help identify your business such as a voided check, EIN / TIN information, proof of business (e.g. Articles of Incorporation)
Individual Applicant Identification
Identification documents for the individual applying on behalf of the business to validate date of birth and address such as a valid government issued ID and additional proof of address
Company Ownership Structure Documentation
Information on the ownership structure of the company (an individual can fill out the application on behalf of multiple owners) along with date of birth and other information on each of the owners with more than 20% stake in the company
Any loan made under the Program must also be submitted to and approved by the SBA. Program funds are limited. PPPays does not guarantee that applications will be processed and submitted before Program funding is no longer available. There is no cost to you to apply for a Program loan. There is no limit to the number of lenders you can apply with, but you can only receive one PPP loan.