say they have already been impacted by the outbreak
say their business will only be able to continue to operate for 0-3 months
Swift and powerfulGovernment action
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?
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
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.
Complete and fresh data for stronger risk and fraud detection
Full KYB automation to accelerate verifying SBA PPP Loan compliance requirements
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
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