Next Round PPP Loans

Apply for Payment Protection Program Loans Now!

Congress has passed the Emergency Coronavirus Relief Act, including a $285 billion extension to the Paycheck Protection Program.

No Payments for
10 months

Loans Up to
$10 million

$2 Million for Second Draw Borrowers

Interest Rates as low as
1%

Are you ready tocheck your eligibility?

The next round of PPP loans are limited and being provided on a first come first serve basis. Please check your eligibility today if your business was adversely impacted by COVID-19.

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Frequently asked questions

How much of a decline in business must I demonstrate to be eligible for PPP?
To be eligible you must show at least a 25% reduction in gross revenue in any 3-month period (quarter) of 2020 relative to the same period in 2019.
What is the easiest way to prove financial hardship for PPP?
Businesses can submit a completed 2020 tax return relative to 2019 to substantiate the 25% decline needed to be eligible.
I have a seasonal business - am I still eligible for PPP?
Yes. The business must have been in operation on February 15th, 2020 or for at least 2 months between February 15th 2020 and June 30th 2020.
What time period should I use to calculate Payroll Costs?
Merchants should use aggregate payroll costs from the previous 12 months or from the full 2019 calendar year.
Who is responsibile for calculating payroll costs?
The borrower is fully responsible for submitting accurate payroll figures and records to the lender. The borrower should reference payroll records from the eligible prior period.
Should my payroll costs account for federal taxes when calculating payroll?
Payroll costs should be accounted on the gross amount with no subtractions for taxes or federal insurance contributions (FICA).

Ready tostart an application?

Rates for the Paycheck Protection Program ("PPP") are at 1%. PPP loans are made by one or more approved U.S. Small Business Administration ("SBA") lenders. Loan agreements identify the issuing lender to small businesses at signing. Funds are limited. BlueVine does not guarantee that funds will be processed and submitted before PPP funds are no longer available. There are no fees for applying for PPP. Approval and loan forgiveness are subject to your ability to meet government-set eligibility requirements.
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