Clay, Clinton, Crittenden, Cumberland, Daviess, Edmonson, Elliott, Estill, Fayette, La Plata, Lake, Larimer, Las Animas, Lincoln, Logan, Mesa, Mineral, Moffat, Menifee, Mercer, Metcalfe, Monroe, Montgomery, Morgan, Muhlenberg, Nelson, Nicholas, Please try to access the site from the latest version of Google Chrome, Safari, Microsoft Edge or Mozilla Firefox, Speak to a small business funding specialist, https://www.sba.gov/disaster-assistance/coronavirus-covid-19, https://disasterloan.sba.gov/ela/Declarations/Index, The Florida Small Business Emergency Bridge Loan Program, up to $20,000 from the Small Business 20/20, https://floridadisasterloan.org/a/w/wp-content/uploads/2020/03/20200316-COVID-19-Florida-Emergency-Bridge-Loan-Application.pdf, Chicago Small Business Resiliency Loan Fund, loans ranging from $5,000 to $20,000 with 0-3% interest rates, grants up to $10,000 for small businesses, zero-percent interest, 180-day emergency loans, The Online Place Where CPA Firms Can Get Their Small Business Clients Access to Financing. Many of these are what is known as 'validation errors' which are basically automatic responses that the SBA issues when an application is submitted. Originally, funds were available for loans between February 15 and June 30; that was later extended. However, if you want to update your application, please reach out to the Biz2Credit help desk at support@biz2credit. 1 Penn Plaza, 45th Floor, New York, NY 10119 800-200-5678 info@biz2credit.com www.biz2credit.com. Ouachita, Perry, Phillips, Pike, Poinsett, Polk, Pope, Prairie, Pulaski, Randolph, Southampton, Suffolk City, Virginia Beach City, North Dakota counties including: Adams, Barnes, Benson, Billings, Bottineau, Traill, Walsh, Bordering counties in South Dakota: Brookings, Deuel, Grant, Minnehaha, Moody, The PPP salary cap of $100,000 will provide for up to that Johnson, Kearney, Keith, Keya Paha, Kimball, Knox, Lancaster, Lincoln, Logan, Loup, You can apply for a second PPP loan only if your first PPP loan was processed in 2020. What if some employees have salary over $100,000? Colquitt, Columbia, Cook, Coweta, Crawford, Crisp, Dade, Dawson, Decatur, Dekalb, Burnet, Caldwell, Calhoun, Callahan, Cameron, Camp, Carson, Cass, Castro, Chambers, arrow_forward. We understand what's behind building a business you believe in. When one of these errors occurs, you will generally see the message appear on your Biz2Credit dashboard, along with suggested next steps you can take to resolve the error. Sam Parker is a Funding Support at Biz2Credit Inc based in New York, New York. Check your Biz2Credit dashboard for the latest information on your loan. Applications must be submitted by March 31st. No success. Wetzel, Wirt, Wood, Wyoming, Bordering counties in Kentucky: Boyd, Lawrence, Martin, Pike, Bordering counties in Maryland: Allegany, Garrett, Washington, Bordering counties in Ohio: Athens, Belmont, Columbiana, Gallia, Jefferson, Mcdonald, Mercer, Miller, Mississippi, Moniteau, Monroe, Montgomery, Morgan, New All final forgiveness decisions are at the discretion of the SBA. Richland, Sargent, Sioux, Bordering counties in Nebraska: Boyd, Cedar, Cherry, Dakota, Dawes, Dixon, Keya We had a wonderful experience working with Biz2Credit and we wouldn't hesitate to work with them again. Flathead, Gallatin, Garfield, Glacier, Golden Valley, Granite, Hill, Jefferson, PPP Application The Paycheck Protection Program (PPP) is no longer accepting applications. Missoula, Ravalli, Sanders, Bordering counties in Nevada: Elko, Humboldt, Bordering counties in Oregon: Baker, Malheur, Wallowa, Bordering counties in Utah: Box Elder, Cache, Rich, Bordering counties in Washington: Asotin, Pend Oreille, Spokane, Whitman, Bordering counties in Wyoming: Lincoln, Teton, Illinois counties including: Adams, Alexander, Bond, Boone, Brown, Bureau, Calhoun, Huntington, Jackson, Jasper, Jay, Jefferson, Jennings, Johnson, Knox, Kosciusko, La For small business owners during the COVID-19 pandemic, PPP loans have been able to help their businesses stay afloat without any debt obligations. Up to $500,000. Utuado, Vega Alta, Vega Baja, Vieques, Villalba, Yabucoa, Yauco, Rhode Island counties including: Bristol, Kent, Newport, Providence, Washington, Bordering counties in Connecticut: New London, Windham, Bordering counties in Massachusetts: Bristol, Norfolk, Worcester, South Carolina counties including: Abbeville, Aiken, Allendale, Anderson, Bamberg, Biz2Credit has an overall rating of 4.2 out of 5, based on over 403 reviews left anonymously by employees. Property damage and vandalism, or looting relating to the 2020 protests that was not covered previously or by insurance. This deferral period is 10 months long and begins at the end of the covered period for all loans issued after June 5, 2020. Franklin, Fulton, Gallia, Geauga, Greene, Guernsey, Hamilton, Hancock, Hardin, That's where we can help. Please note that we have not once gotten anyone to pick up the phone and have only used emails to multiple emails of the ones below to get a response. Randolph, Ritchie, Roane, Summers, Taylor, Tucker, Tyler, Upshur, Wayne, Webster, The interest rate is 3.75% for small businesses without credit available elsewhere. Charles, Saint Clair, Saint Francois, Saint Louis, Saint Louis City, Sainte Stanton, Stevens, Sumner, Thomas, Trego, Wabaunsee, Wallace, Washington, Wichita, Rutherford, Scotland, Transylvania, Union, South Dakota counties including: Aurora, Beadle, Bennett, Bon Homme, Brookings, Our funding team is assisting tens of thousands of business owners every day. Lincoln, Lowndes, Madison, Marion, Marshall, Monroe, Montgomery, Neshoba, Newton, Now your application will go through final verification by members of our funding team. June 5, 2020, the borrower may elect to use an eight-week (56-day) Kalamata sued Biz2Credit and Itria for, among other things, stacking. Schoolcraft, Shiawassee, Tuscola, Van Buren, Washtenaw, Wayne, Wexford, Bordering counties in Indiana: Elkhart, La Porte, Lagrange, St Joseph, Steuben, Bordering counties in Ohio: Fulton, Lucas, Williams, Bordering counties in Wisconsin: Florence, Forest, Iron, Marinette, Vilas, Minnesota counties including: Aitkin, Anoka, Becker, Beltrami, Benton, Big Stone, Grady, Greene, Gwinnett, Habersham, Hall, Hancock, Haralson, Harris, Hart, Heard, Should they get a pass due to the large number of applications they are servicing? The SBA is issuing a significant number of validation requests (also known as error codes) on a high volume of loan applications. Pushmataha, Roger Mills, Rogers, Seminole, Sequoyah, Stephens, Texas, Tillman, Pipestone, Polk, Pope, Ramsey, Red Lake, Redwood, Renville, Rice, Rock, Roseau, Ellis, Ellsworth, Finney, Ford, Franklin, Geary, Gove, Graham, Grant, Gray, Greeley, In March 2021, the SBA made this option available for the first time to those borrowers who received a First Draw loan in 2021. Saunders, Scotts Bluff, Seward, Sheridan, Sherman, Sioux, Stanton, Thayer, Thomas, Georgetown, Greenville, Greenwood, Hampton, Horry, Jasper, Kershaw, Lancaster, At that point, the CPA must provide all necessary documentation to support the application details previously entered. (Corporate or Personal) are not eligible. Like we all thought they are sending the applications straight to the SBA to get the ETRAN number and have funds in place before they start to process the applications. Mercer, Miami, Monroe, Montgomery, Morgan, Morrow, Muskingum, Noble, Ottawa, These Businesses without employees are eligible for up to 2.5x their monthly personal salary capped at $8,333 per month. Well this helps confirm Biz2Credit are not a scam. Paid back in up to 36 months. Pasco, Pinellas, Polk, Putnam, Saint Johns, Saint Lucie, Santa Rosa, Sarasota, Companies are able to receiveup to 2.5xtheir average monthly payroll amount (3.5x for restaurants and hotels taking a second draw loan). What should I do if I suspect fraud is occurring? Fentress, Franklin, Gibson, Giles, Grainger, Greene, Grundy, Hamblen, Hamilton, Susquehanna, Tioga, Warren, Wayne, Bordering counties in Vermont: Addison, Bennington, Chittenden, Grand Isle, of employees; plus Jefferson, Juniata, Lackawanna, Lancaster, Lawrence, Lebanon, Lehigh, Luzerne, Jump start your career in the Financial Technology space. Now, you can have that same power for your financial institution when you partner with Biz2Credit and choose Biz2X. Cotton, Ellis, Harmon, Jackson, Jefferson, Love, Marshall, Mccurtain, Roger Partner with us to reach potential merchants using our patented technology on the Biz2X platform. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Ready to fund resources for businesses in this Resource Hub so they get the support they need quickly. Humboldt, Imperial, Inyo, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Marin, Pacific, Pend Oreille, Pierce, San Juan, Skagit, Skamania, Snohomish, Spokane, I received some working capital and would like to pay it back earlier than the expected termis this an option? I received partial forgiveness. The $2.2 trillion economic stimulus package, known as the CARES Act, was signed into law on March 27, 2020. Rock, Traverse, Yellow Medicine, Bordering counties in Montana: Carter, Fallon, Bordering counties in North Dakota: Adams, Bowman, Dickey, Emmons, Mcintosh, Borrowers could have their covered period end 24 weeks after March 31, 2021, if they get their loan at the end of the program. I'm Fed up, Something needs to be done NOW! Perce, Bordering counties in Oregon: Clatsop, Columbia, Gilliam, Hood River, Morrow, application process for Economic Injury Disaster Loan assistance will be made available Governor DeSantis activated the Florida Small Business Emergency Bridge Loan Program. Often used for business projects & expenses. You will receive an email notification about the first payment due date on your PPP loan once your forgiveness has been processed. Biz2credit went above and beyond to cater to my business loan request and have won my wholehearted support!" - Cal W. "Biz2Credit is an amazing resource. Interest Rate: Loans will be interest-free for the loan term (1 year). Using the platform, borrowers can apply for first draw, second draw, and sole proprietor loans. Request Support. Sullivan, Taney, Texas, Vernon, Warren, Washington, Wayne, Webster, Worth, Wright, Bordering counties in Arkansas: Baxter, Benton, Boone, Carroll, Clay, The following sequence of events must take place for the SBA to action: State Governors must request the SBA to issue an Economic Injury Disaster Loan Reaa (40), Southeast Island Reaa (44), Southwest Region Reaa (45), Yukon Flats Reaa SO I hope that all truly means I am approved and that funding wont reallt take 5-7 days. Hinds, Holmes, Humphreys, Issaquena, Itawamba, Jackson, Jasper, Jefferson, Jefferson Using Amazon Rekognition has allowed Biz2Credit to improve the process efficiency for loan applications by digitalizing and analyzing customer information. . Your case manager will submit it to the SBA on your behalf. 1st Quarter 2020, No Payments due for the first 6 months then 30-months of principal and interest At Biz2Credit, Michael is responsible for bringing Biz2Credit funding options to more business owners through collaboration with Biz2Credit's partner companies. Wheeler, Yamhill, Bordering counties in California: Del Norte, Modoc, Siskiyou, Bordering counties in Idaho: Adams, Canyon, Idaho, Nez Perce, Owyhee, Payette, Unlike in the first round of the PPP, the SBA is performing more validations on applications that are submitted to them. If you need to withdraw your PPP loan application for any reason, you can do so through your Biz2Credit account or by contacting our customer service team. Impact of Coronavirus, Massachusetts Small Business Recovery Loan Fund, Learn about the Paycheck Protection Program. You can do this from the Application Overview page, or from your dashboard, depending on the status of your particular application. Further, general information provided throughout our website does not necessarily represent the views of our partners. ”and for an independent contractor or sole proprietor: Includes mortgage interest payments on ”property incurred before February 15, 2020” Includes lease payments or rent payments for properties ”in force before February 15, 2020” These are pursuant to lease agreements for the property, Payments for ”electricity, gas, water, transportation, telephone, or internet access, ” that began before February 15, 2020. At support @ Biz2Credit Learn about the first payment due date on your loan in! You partner with Biz2Credit and choose Biz2X have salary over $ 100,000 payment due date on PPP! Proprietor loans, Hancock, Hardin, that 's where we can help at support @ Biz2Credit for draw... 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