5 Minute PPP Loan Application for $22,997 at 1% with Kabbage — SBA Paycheck Protection Program!
See how to make a 5 Minute PPP Loan Application for $22,997 at 1% with Kabbage via the SBA Paycheck Protection Program!
Loans are available for up to 2.5 times of your average monthly payroll during the year preceding the application. Note, Kabbage can only process loans of up to $2 million. If all employees are kept on payroll, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest or utilities – for up to 8 weeks after the loan is issued and up to 100% of the loan. Any amount that is not forgiven will be treated as a two-year loan with a 1% fixed interest rate. All payments (principal, interest and fees) are deferred for 6 months; however, interest will continue to accrue over this period.
What is the Paycheck Protection Program?
From cash flow losses to temporary layoffs, small businesses are having to quickly adapt due to the COVID-19 outbreak. Thankfully, the government recently passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide assistance to keep your business afloat with efforts like the Paycheck Protection Program.
The Paycheck Protection Program (PPP) is a key section within the recently passed Coronavirus Aid, Relief and Economic Security Act (CARES) Act that allocates $349 billion for small business loans to support payroll and certain other expenses. Loans are available for up to 2.5 times of your average monthly payroll during the year preceding the application, with a maximum loan of $10 million. If employers maintain their payroll and use loan funds for allowed expenses like payroll, rent and utilities for the first 8 weeks after the loan is issued, the loan amount is forgiven. The PPP is retroactive to February 15, 2020.
Is my business eligible?
The following small businesses that were operational as of February 15, 2020 are eligible for PPP loans: a small business with fewer than 500 employees, regardless of revenue sole proprietors, independent contractors, and self-employed individuals who regularly carry on any trade or business, including those in the gig economy …
My Complete YouTube Course!
The WordPress Ecommerce Course for a Fast Website Selling Online Courses and Services with Kinsta, Astra, WooCommerce, and LearnDash!
The Complete TikTok Course — 0 to 500K Views + Make Stories on Facebook, Instagram, and YouTube!
The Complete Udemy Instructor Course — How I Made 72 Online Classes and Became a Top 10 Instructor!
Film 30 Minute Video Courses in an Hour of Real Time!
The Complete Facebook Marketing and Ads Course — 0 to 2M Followers!
The Complete Live Streaming Course — 0 to 1.5K Viewers Watching!
42 Secrets of Influence Online!
Digital Marketing for Beginners!
Start a Podcast Today Free on Anchor.fm with Sponsorships!
The Complete SEO Course — 0 to 1,000+ Organic Google Search Clicks Daily!
Be Employed for Life Doing Work You Love!
My WordPress website at is hosted with Kinsta on the Astra Pro theme using LearnDash to sell online courses, WooCommerce for ecommerce to accept payments via Stripe and PayPal, bbpress for forums, Elementor Pro to design landing pages, MonsterInsights Pro for Google analytics tracking, WP YouTube Lyte to speed up YouTube embeds, WPForms for my contact form, Yoast SEO Premium, Perfmatters to speed up WordPress, and Autoptimize to get me close to 100 pagespeed score!
Thank you very much to MOONTHEIN LISCOMB, Steve Sweeney, David Gilmore, Essetino Artists, Veaceslav Moroz, and SHADOWOPSV for being a member of the channel via
Jerry Banfield in Saint Petersburg, Florida