Finding our way back to prosperity together

Job losses of American workers

38 MillionCOVID-19

04/23/20–Present

15 MillionGreat Recession

2007-2009 (18 months)

Impact on Small Businesses

90%

say they have already been impacted by the outbreak

51%

say their business will only be able to continue to operate for 0-3 months

Swift and powerfulGovernment action

CARES Act

Coronavirus, Aid, Relief, and Economic Security

March 2596・0 VotePassed by Senate
March 27Voice VotePassed by Congress
March 27Signed Into LawPassed by President Donald J. Trump
$2 TrillionLargest stimulus package in US history
Focused on supportingthe American people and businesses
What does this mean forSmall Businesses?

PPP

Payback Protection Program
$350 BillionGovernment-backed Loans

A new program that maintains payrolls through June 30, 2020

Managed by the U.S. Small Business Administration (SBA)

Up to$10 MillionPer Business

Lesser of $10 Million or 2.5 times the average monthly payroll costs incurred in the one-year period before the date of the loan

Loans guaranteed under the Paycheck Protection Program will be 100% guaranteed by SBA, and the full principal amount of the loans may qualify for loan forgiveness
It is a first-come, first-serve businessBusinesses can only receive one PPP loan
What can Lenders do to supportSmall Businesses?

Small businesses need access to PPP Loans

30+ MillionSmall businesses in the U.S.
275+ ThousandPPP Loan applications a day
CARES and we are here to
Support Lenders
streamlining the logistics of SBA PPP Loans

Providing lenders a turn-key solution to accelerate loan processing times and get money in the hands of small businesses faster

Every minute we’re able to save in processing loans is a minute faster that a small business will have access to the capital they need. With Middesk, what ordinarily would have taken us hours to do is now taking us minutes. We take pride in partnering with technology companies that help us serve our customers better.

Increase Conversion
Complete and fresh data for stronger risk and fraud detection
Application Velocity
Full KYB automation to accelerate verifying SBA PPP Loan compliance requirements
Reduce Cost
Free operational resources to make more and better decisions

We want to do our part to support the American people

Getting as many small businesses PPP loans as fast as we can

Empowering small businesses to continue doing the right thing

Paying their employee wages and supporting local communities

Get Started


Lenders start supporting Small Businesses today!


Are you a small business trying to take out a PPP loan?

Share this page with your local community banks and lenders to get your PPP loan faster

Partners that CARE