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Thread: PPP Loans Through the Forum

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    Default PPP Loans Through the Forum

    Hello all, this forum has partnered up with Lendio to process the new round of Paycheck Protection Program (PPP) loan applications. Lendio was one of the largest facilitators of PPP loans in 2020.

    If you own a small business, you can apply for a PPP loan here.

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    Are these the same guys that have been all over TV about this?

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    Quote Originally Posted by pearl granite countertops View Post
    Are these the same guys that have been all over TV about this?
    If by that you mean the CEO has appeared on CNBC and CNN to talk about PPP, then yes. I don't know if they've done any advertising on tv though.

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    I just looked up Lendio and found this! Very helpful

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    We've got this out on the wire now too. https://www.seekingfin.com/2021/01/1...-applications/

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    can u apply again for this one if you got the first one last year?

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    Quote Originally Posted by EmilioSen View Post
    can u apply again for this one if you got the first one last year?
    The short answer to this is yes. From the SBA.gov website:

    Who may qualify
    A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

    • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
    • Has no more than 300 employees; and
    • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020


    Source: https://www.sba.gov/funding-programs...draw-ppp-loans

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    If we apply through the link, can you see our applications?

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    Quote Originally Posted by Jimmym View Post
    If we apply through the link, can you see our applications?
    No, we are not able to see them. They are managed by Lendio.

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