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Simple Application. No Obligation. No Credit Check
One Product For All Your Financial Payments
Paycheck Protection have lower regular payments. So, that you can use your funding for longer span of time.
Uncover Your Business Benefits
Paycheck Protection Program offers small-medium scale business with cash-flow. It can be only issued by authentic and participating lenders. This program-type is an excellent option for refinancing your financial goals.
Low annual percentage rates make Paycheck Protection Program “a people choice” – enjoy discovering a lot of features. You can easily get pre-qualified Paycheck protection loan to explore possibilities and secure some of lowest business financing available.
Easier And Faster Paycheck Protection
Who Can Apply
- Any Small Business (Industry-based or alternative size standards)
- Any Business (Non-profit organization, veteran organization, or Industry-based)
- Any business that has more than one physical location
- Self-employed individuals, Sole proprietors, and independent contractors
- Create an account
- Fill in details
- Proceed to application submission
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Frequently Asked Questions
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 $350 billion program will provide small businesses with cash-flow assistance through 100% federally guaranteed loans.
Who is eligible for the Paycheck Protection Program? ?
Any small business that has been affected by COVID-19, has been in operation since February 15, 2020 and has fewer than 500 employees, including sole proprietorship, independent contractors, eligible self-employed individuals, non-profit and veterans organizations, or Tribal concerns.
How is my loan size determined?
Most small businesses can get a loan size up to 2.5x their average monthly payroll costs incurred during 2019. Seasonal business expenses will be measured using a 12-week period beginning February 15, 2019, or March 1, 2019, whichever the seasonal employer chooses.
What can I use the loan for?
You may use the loan for payroll costs including employee salaries, costs related to the continuation of group healthcare benefits during paid leave, insurance premiums, mortgage interest payments, incurred before February 15, 2020, rent under lease agreements in place before February 15, 2020, or utilities for which service began before February 15, 2020.
How does loan forgiveness work?
The amount of loan forgiveness is generally calculated as payroll costs incurred 8 weeks after you accept your loan (excluding compensation over $100,000), as well as payment of mortgage interest, rent, or utilities during that time.
What are considered payroll costs?
Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;
When do I need to start paying interest on my loan?
All payments are deferred for 6 months; however, interest will continue to accrue over this period, unless forgiven.
Why get my loan from Broadway funding
Broadway funding provides a fast online application where you can find out if you are qualified in minutes.
Loans will be available through June 30, 2020
Funds subject to SBA availability