Applications for the Small Business Administration’s Paycheck Protection Program are now open!
Loan overview:
- SBA fees waived
- Up to $10 million-2.5x monthly payroll expenses
- 1% Interest Rate fixed for life of the loan
- No Collateral Required
- No Personal Guarantee
- Maturity: 2 years, no payments waived for 6 months.
- Covered Period: 2/15/2020 to 6/30/2020
- Possible loan forgiveness
Eligible Loan Proceeds to Qualify for Forgiveness
- Payroll Costs
- Costs related to the continuation of group health benefits
- Employee salaries, commissions, or related compensations
- Mortgage Interest
- Rent
- Utilities
- Interest on any debt obligation incurred before the covered period
If your business has been financially impacted by the recent outbreak of COVID-19 (Coronavirus) then you may be eligible for a loan under the new Small Business Administration (SBA) Paycheck Protection Program. The Paycheck Protection Program (SBA PPP) provides you with fast funding to help secure the necessary capital you need to keep paying your employees, rent, health benefits, utilities, and more.
As a Preferred Financial Services Provider with the backing of the Small Business Administration, Viva Capital Group takes an “All hand on deck” approach to provide you with the attention and time you as a business needs to understand how an SBA business loan can help you ride this storm. As an SBA loan provider, we have the capacity and capability to assist you in trying times. These are truly unique and historical times we are living in and we want to ensure you have the working capital you need to move past this situation so your business, your families, and your employees can all thrive.
Loan overview:
- SBA fees waived
- Up to $10 million-2.5x monthly payroll expenses
- 1% Interest Rate fixed for life of the loan
- No Collateral Required
- No Personal Guarantee
- Maturity: 2 years, no payments waived for 6 months.
- Covered Period: 2/15/2020 to 6/30/2020
- Possible loan forgiveness
Eligible Loan Proceeds to Qualify for Forgiveness
- Payroll Costs
- Costs related to the continuation of group health benefits
- Employee salaries, commissions, or related compensations
- Mortgage Interest
- Rent
- Utilities
- Interest on any debt obligation incurred before the covered period
If your business has been financially impacted by the recent outbreak of COVID-19 (Coronavirus) then you may be eligible for a loan under the new Small Business Administration (SBA) Paycheck Protection Program. The Paycheck Protection Program (SBA PPP) provides you with fast funding to help secure the necessary capital you need to keep paying your employees, rent, health benefits, utilities, and more.
As a Preferred Financial Services Provider with the backing of the Small Business Administration, Viva Capital Group takes an “All hand on deck” approach to provide you with the attention and time you as a business needs to understand how an SBA business loan can help you ride this storm. As an SBA loan provider, we have the capacity and capability to assist you in trying times. These are truly unique and historical times we are living in and we want to ensure you have the working capital you need to move past this situation so your business, your families, and your employees can all thrive.