Our partner, BlueVine, is still accepting and verifying PPP loan applications. We’re optimistic additional funds will be authorized soon. Once funds are available, qualified applications will be automatically submitted to SBA.
If your business has been affected by COVID-19, you may be eligible for up to $10 million in government relief.
At Invoice2go we’ve been supporting small businesses for almost 20 years, and we’re committed to helping you through this pandemic crisis. That’s why we’re bringing you articles and resources like this — so you can get the help you need and maximize this downtime for your business.
$349 billion available for small businesses
The US government is aware of the impact the current coronavirus pandemic is having on small businesses. They’ve moved quickly to free up $349 billion in financial relief for people like you.
Apply now to pay your employees, keep your lights on, and continue to run your business.
What are Paycheck Protection Program loans?
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law by President Trump on March 27, 2020. It aims to provide financial relief to businesses and their employees who’ve been impacted by the coronavirus outbreak.
Under this act, small businesses can apply for ‘Paycheck Protection Program Loans’. These loans are amounts of up to $10 million offered to keep small businesses running.
You can use the financial relief for more than just paychecks. It’s designed to assist with your cash-flow, provided you maintain payroll.
You may be able to use the loan to pay:
- Payroll (limits apply)
- Employees benefits and leave
- Mortgage interest payments
- Debt refinancing
Securing one of these loans could help you pay your business-related bills and debts and ultimately help you stay afloat during this time of uncertainty.
What’s counted as a small business?
There are several types of small businesses that are eligible for financial relief, including sole proprietors and independent contractors. The maximum amount of employees a small business can have is 500, with some exceptions.
How does it work?
A lending company called BlueVine is working with Invoice2go to help you quickly access the US government relief funding you need. Companies like BlueVine have existing frameworks, relationships and processes set up to be able to offer these types of loans when they’re needed.
We’re working together with BlueVine to reach more small business owners, making sure that you know about the financial relief that’s available.
Secure your future today
Nothing is certain at the moment. We understand the amount of stress this puts you under. But now isn’t the time to leave things to chance. Make sure you don’t miss out on the vital funds that could secure the future of your business.