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SBA Funding Helps Thousands of PPP Borrowers in First Two Weeks

News Flash Jan 25, 2021, 08:00 ET

STAMFORD, Conn., Jan. 25, 2021 /PRNewswire/ — As the second week of the Paycheck Protection Program (“PPP”) gets underway, SBA Funding, a division of Business Funding Group, LLC, is actively facilitating applications for PPP loans being funded by a variety of U.S. Small Business Administration authorized lenders. Interested business owners can start their applications by visiting: https://go.sbafunding.com/PPP3.

“In the first two weeks of the program, SBA Funding has helped over 5,000 business owners with their PPP applications, of which nearly 70% of those loans were under $50,000,” said Steve Rabinovici, SBA Funding’s Chairman. “Helping entrepreneurs is the core of our business and we’re hearing from business owners every day about the positive impact PPP has on them and the communities they serve.”

The U.S. Small Business Administration announced that in the first seven days of the Program, it approved approximately $5 billion in PPP loan applications. The Program, replenished with an additional $284 billion will remain open for applications until March 31, 2021 or until funds are exhausted.

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SBA Loan Require for Start-up in Florida

Perfect Financial Vehicle For Business

SBA Loan Florida

A Small Business Grants and Loans SBA Loan is the perfect financial vehicle for businesses to access expansion capital at below market rates.

Our streamlined process takes the stress out of the usual bank waiting game as our professional financial advisors guide you through the complicated waters of a Small Business Administration Loan application.

Our dedicated SBA Loan Advisors have the experience and understanding needed to secure the right SBA Loan your business wants and needs. We make a seemingly complicated process appear efficient and as easy as ordering at the drive thru at your favorite restaurant.

As a company serving all businesses both large and small, we are now accepting PPP applications for businesses in Pasco, Hillsborough, Pinellas, Manatee, and Sarasota Counties. We have partnered with BlueVine a trusted third-party vendor, resulting in an easier application process.

We partner with the absolute best lenders to provide businesses with an easier way to access capital.

We are also Serving For Line of Credit, Invoice Factoring, Merchant Cash Advance Working Capital and Unsecured Business Loans, Traditional Term Loans.

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SBA Loan Advantages

Stretching Out High Limit Debt Over a Period of Up To 30 Years

Prime Based Interest Rates

Freeing Up Cash Flow

Loan Amounts Up To 50 Million

The Security of a Small Business

Flexibility of Use

National Lenders

We work hard every day to provide small businesses like yours access to capital when you need it. By combining the latest advancements in technology and security with the expertise and care of our team, we can serve business owners nationwide with simplicity efficiency and  we’re proud to be the answer to small business owners who rely on us every day to equip them with the funds they need to achieve their business goal.

JPMorgan Chase Bank. Citi and Bank of America are the major banks processing the PPP loan applications that they have already received but is not accepting new ones. When it was accepting applications, you had to have an existing Chase business checking account that has been active since February 15, 2020 to be eligible

What is the Paycheck Protection Program?

The SBA’s Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This program provides small businesses with cash-flow assistance through 100% federally guaranteed loans. Full loan forgiveness for eligible payroll, mortgage interest, rent, and utility expense No SBA fees One simple interest rate, no additional SBA fees or need for collateral or personal guarantees.

Reliable working capital Get up to 2.5x your average monthly payroll costs, with no payments for 6 months.

SBA Express Loans

Enable borrowers to obtain up to $350,000 in capital. This can be structured as either a line of credit or a term loan. These are funds you can get fast.

Approval periods are usually between 24 to 36 hours, which is quite a contrast to the long SBA loan approval process. Paperwork is not as intensive as well, and lenders make the decisions on which candidates qualify.

Veteran Loans

Many people who served in the nation’s military embark on new careers as small business owners. Good news If you are one of these veteran entrepreneurs, there are programs meant to help you start and grow your business. These programs offer different forms of assistance, including low-cost financing.

  • SBA Veteran Business Loans
  • SBA Veterans Advantage 7a
  • Military Reservist Economic Injury Disaster Loan (MREIDL)

Looking for SBA Loan?

Small Business Administration (SBA) loans are a terrific financing alternative for businesses that are seeking more favorable loan terms or in some cases for businesses that may not qualify for a traditional small business loan.

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