ATTENTION: AS OF 4PM PST ON 4/28/20
ALL OF THE SBA LENDERS IN OUR NETWORK ARE OVER CAPACITY FOR APPLICATION VOLUME AND HAVE PAUSED APPLICATIONS.
WE WILL UPDATE THIS PAGE IF AND WHEN MORE OPENS UP.
WE ENCOURAGE YOU NOT TO WAIT, HOWEVER – THERE ARE OTHER SBA LENDERS NOT YET AT CAPACITY AND TIME IS VITAL FOR YOU TO GET YOURS IN BEFORE FUNDS RUN OUT ON THIS ROUND.
Through our Commercial Division, Geneva Financial can help small business owners facilitate a Paycheck Protection Program loan with one of our SBA 7(a) lender partners.*
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The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Source: SBA.gov
*NOTICE: Geneva Financial does not directly process, fund or service SBA PPP Loans. We are providing this page as courtesy to our clients to help facilitate the process with our lending partners that are approved to fund these loans.