This service is for small businesses, independent contractors, sole proprietors and self employed people that have not taken the first or second draw of PPP funds ONLY. If you've already taken both draws of the PPP loan, please do not book this service. NO REFUNDS will be issued. This service offered by Bossin Up is to help those businesses that have been Economically Impacted and needs help to hire employees again or hire themselves back to work. This is totally separate from the SBA Economic Injury Disaster Loan however, you can have an EIDL loan or Advance grant and still qualify for the PPP loan. Processing time is within 24-48hrs Delays in the application by 2 weeks due to new guidelines and major security check during sign up. Approval can take up to 30 days. (Everything depends on the paperwork you provide and if you do it in a timely manner.) Deadline to turn in all documents is 1 week after payment is made. (If you are in communication about the delay of your documents, I will consider the late submission no longer than 3 weeks) Guidelines on PPP Payment Protection Loan is still a SBA loan and the loan is still processed as a loan, therefore a promissory note to the loan will be provided by the SBA once approved. You will be tge borrower of the loan and expected to use it for payroll, rent, mortgage, utilities, supplies etc.. The loan can be forgiven if you apply for the forgiveness. Funds have to be spent with 60% towards Payroll and 40% towards Other business expenses such as Rent and Utilities etc. (Please research the specific areas you can use your PPP funds.) You can NOT collect PUA (unemployment) and PPP at the same time. Please alert PUA to let them know you are getting PPP. Here's what you will need to email to email@example.com once payment is made. * Name of Business or Independent contractor name that will be applying *A Feb 2020 Bank statement *2019-2020 Full Tax Returns includes 1040 Schedule C net profit loss forms. *Government ID front and back *If you have employees 940-941 forms and w2s (do not include 1099 contract employees) *Invoice from February of a transaction from business. (If applicable) *Voided Check from same bank as bank statement. *Bank account with same name that will be used on the application. The most you can get is up to $25k through the affiliateed processing lender used by Bossin Up. *May use a draft 2020 tax return if you haven't filed yet or have a non filing letter with supporting documents. (Pay additional $50 to zelle firstname.lastname@example.org for tax draft) Guaranteed Approval if you follow ALL Instructions.
Paycheck Protection Loan Application Assistance