The application process is organized into 5 main steps. matthew.williams@biz2credit.com - Undeliverable, Gomez.Robert@biz2credit.com (NEW 2/17) - Undeliverable, Kleiber.Robert@biz2credit.com (NEW 2/17) - Undeliverable, Gonzalez.Matthew@biz2credit.com (NEW 2/17) - Undeliverable. PPP Application Small-business COVID-19 stimulus funds: Whats still available? Kalamata sued Biz2Credit and Itria for, among other things, stacking. Salt Lake, San Juan, Sanpete, Sevier, Summit, Tooele, Uintah, Utah, Wasatch, Businesses without employees are eligible for up to 2.5x their monthly personal salary capped at $8,333 per month. Perce, Bordering counties in Oregon: Clatsop, Columbia, Gilliam, Hood River, Morrow, Application Period: Applications will be accepted by qualified Florida businesses under The first major change in the program came on June 5 when the Paycheck Protection Program Flexibility Act of 2020 was signed into law. There are two things to know about covered periods: The recent legislation extended the loan period to March 31, 2021. Custer, Delta, Denver, Dolores, Douglas, Eagle, El Paso, Elbert, Fremont, Garfield, Information and resources provided in the Disaster Support Resource Hub are for informational purposes only, and do not necessarily reflect the views of Biz2Credit or its partners. If your lender has opted-in you can apply via the SBA's direct forgiveness portal. Surry, Vance, Warren, Bordering counties in Tennessee: Claiborne, Hancock, Hawkins, Johnson, Sullivan, Bordering counties in West Virginia: Berkeley, Greenbrier, Hampshire, Hardy, Judith Basin, Lake, Lewis And Clark, Liberty, Lincoln, Madison, Mccone, Meagher, The payment details will be listed on your Biz2Credit account dashboard. With over $28.6 billion in funds to disburse, the program is a great resource for small businesses that have been hit particularly hard by the pandemic-related economic fallout. Still, they pulled through and I'm just glad they did. Washoe, Bordering counties in Arizona: Curry, Jackson, Josephine, Klamath, Lake, Colorado counties including: Adams, Alamosa, Arapahoe, Archuleta, Baca, Bent, Thanks! Committee in making its decision (such as a loan summary). Greenwood, Hamilton, Harper, Harvey, Haskell, Hodgeman, Jackson, Jefferson, Jewell, Greeley, Hall, Hamilton, Harlan, Hayes, Hitchcock, Holt, Hooker, Howard, Jefferson, Please note that financial products mentioned here, including government Disaster Loans, are not guaranteed and are issued at the sole discretion of the lender or government agency responsible. We reviewed Biz2Credit based on 16 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. Got a reply in 2 hours. We would recommend Biz2Credit 100% without fail, no questions about it. In March 2021, the SBA made this option available for the first time to those borrowers who received a First Draw loan in 2021. In this case, the portal will request documents that are specific to your application. result of previous disasters (hurricanes, etc.) The Paycheck Protection Program (PPP) ended May 31, 2021. Cotton, Ellis, Harmon, Jackson, Jefferson, Love, Marshall, Mccurtain, Roger Here are the basic documents everyone should keep in mind. The details on this page are provided for informational purposes. Biz2Credit Inc 2023. Cole, Cooper, Crawford, Dade, Dallas, Daviess, Dekalb, Dent, Douglas, Dunklin, Yellow Medicine, Bordering counties in Iowa: Allamakee, Dickinson, Emmet, Howard, Kossuth, Lyon, Claiborne, Concordia, De Soto, East Baton Rouge, East Carroll, East Feliciana, Payment for vacation, parental, family, medical, or sick Baraga, Barry, Bay, Benzie, Berrien, Branch, Calhoun, Cass, Charlevoix, Cheboygan, Worth, Bordering counties in Alabama: Barbour, Chambers, Cherokee, Cleburne, De Kalb, It was very easy. Are businesses in your county eligible for SBA Disaster Assistance? As far as my situation, I forwarded the email I've previously sent to some of the contacts that have been listed on this thread. Next, upload a revised version of the document. Apps. As a result, application processing times at the SBA are considerably longer than in the first round of PPP. Further, general information provided throughout our website does not necessarily represent the views of our partners. Often used for larger projects. Contact Email info@biz2credit.com. Morton, Nemaha, Neosho, Ness, Norton, Osage, Osborne, Ottawa, Pawnee, Phillips, Revise uploaded documents by removing existing documents from the application and replacing with the updated document you need. Yellowstone, Bordering counties in Idaho: Bonner, Boundary, Clark, Clearwater, Fremont, City, Loudoun, Louisa, Lunenburg, Lynchburg City, Madison, Manassas City, Manassas Craighead, Crawford, Crittenden, Cross, Dallas, Desha, Drew, Faulkner, Franklin, Partner with us to reach potential merchants using our patented technology on the Biz2X platform. Franklin, Fulton, Gallia, Geauga, Greene, Guernsey, Hamilton, Hancock, Hardin, Biz2Credit is an online lending platform. This has also led to some errors and delays in processing from the SBA. Garfield, Klickitat, Skamania, Wahkiakum, Walla Walla, Pennsylvania counties including: Adams, Allegheny, Armstrong, Beaver, Bedford, My application has been stuck in Submitted to SBA but what does this mean? In connection to statements issued by the SBA, there is an increased level of scrutiny for PPP loans to reduce fraud and abuse of the Paycheck Protection Program. Biz2credit is a private company. Trempealeau, Vernon, Vilas, Walworth, Washburn, Washington, Waukesha, Waupaca, If it has been more than 7 business days since you have first contacted your funding specialist and your application has not advanced, please contact support@biz2credit. Reddit and its partners use cookies and similar technologies to provide you with a better experience. And Borough Of Sitka, City And Borough Of Wrangell, City And Borough Of Yakutat, How long is the funding period for the term loan after I receive approval? Since we started, Biz2Credit has been the best place for small businesses to get funding online. Ponce, Quebradillas, Rincon, Rio Grande, Sabana Grande, Salinas, San German, San Clarke, Craig, Frederick, Giles, Highland, Loudoun, Rockingham, Shenandoah, Patricio, San Saba, Schleicher, Scurry, Shackelford, Shelby, Sherman, Smith, Anyone have been successful in reaching someone at Biz2Credit? You'll find information on everything from technical issues that business owners face, to help with understanding program rules, regulations and guidelines. Hartley, Haskell, Hays, Hemphill, Henderson, Hidalgo, Hill, Hockley, Hood, Hopkins, Funding products provided by Biz2Credit and partner organizations. Robertson, Rockwall, Runnels, Rusk, Sabine, San Augustine, San Jacinto, San Lawrence, Lee, Leslie, Letcher, Lewis, Lincoln, Livingston, Logan, Lyon, Madison, WestBridge Capital is a highly experienced investment firm, managing over $2.8 billion of capital. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Generally, the first payment will be due one month in arrears from the date of your forgiveness decision, so it will be approximately 30 days after you receive notice about your forgiveness decision. EDIT-UPDATE: Thank you so much for those who have provided additonal contacts. Aibonito, Anasco, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamon, Cabo Rojo, difficult times. Changes to the application cannot be made after the application has been submitted unless an SBA validation error has occurred. It was that comfortable. Mineral, Morgan, Preston, Massachusetts counties including: Barnstable, Berkshire, Bristol, Dukes, Essex, Rock, Traverse, Yellow Medicine, Bordering counties in Montana: Carter, Fallon, Bordering counties in North Dakota: Adams, Bowman, Dickey, Emmons, Mcintosh, EDIT #4: Last update! I spammed them with emails every day last week and heard nothing back from any of their reps. Jackson, Jefferson, Johnson, Lafayette, Lawrence, Lee, Lincoln, Little River, Logan, Your application for the Paycheck Protection Program has been submitted to the SBA queue. Traverse, Wilkin, Bordering counties in Montana: Fallon, Richland, Roosevelt, Sheridan, Wibaux, Bordering counties in South Dakota: Brown, Campbell, Corson, Harding, Marshall, Paulding, Perry, Pickaway, Pike, Portage, Preble, Putnam, Richland, Ross, Sandusky, rehired and counted toward payroll expenses. All changes to the application can be made on the Biz2Credit website before submitting. All Support Options. There are five steps in the application process for the Paycheck Protection Program: The previous PPP loan program deadline of August 8, 2020 has been extended to March 31, 2021. Washington, Bordering counties in South Dakota: Lincoln, Minnehaha, Union, Bordering counties in Wisconsin: Crawford, Grant, Vernon, Kansas counties including: Allen, Anderson, Atchison, Barber, Barton, Bourbon, For loans issued before June 5, 2020, Biz2Credit allows the same 10-month deferral period to apply. SBA Forms 2483, 2483-SD and 2483-C Required documentation can vary based on PPP loan type, SBA . View all articles. Edit #2: Three days after the last update. Schoolcraft, Shiawassee, Tuscola, Van Buren, Washtenaw, Wayne, Wexford, Bordering counties in Indiana: Elkhart, La Porte, Lagrange, St Joseph, Steuben, Bordering counties in Ohio: Fulton, Lucas, Williams, Bordering counties in Wisconsin: Florence, Forest, Iron, Marinette, Vilas, Minnesota counties including: Aitkin, Anoka, Becker, Beltrami, Benton, Big Stone, Pike, Platte, Polk, Pulaski, Putnam, Ralls, Randolph, Ray, Reynolds, Ripley, Saint Rutherford, Scotland, Transylvania, Union, South Dakota counties including: Aurora, Beadle, Bennett, Bon Homme, Brookings, Now, you can have that same power for your financial institution when you partner with Biz2Credit and choose Biz2X. Tallapoosa, Tuscaloosa, Walker, Washington, Wilcox, Winston, Bordering counties in Florida: Escambia, Holmes, Jackson, Okaloosa, Santa Rosa, including non-profits. Complete a PPP Loan forgiveness application for free. Business growth requires capital. Reaa (29), Lake And Peninsula Borough, Lower Kuskokwim Reaa (31), Lower Yukon Reaa Press question mark to learn the rest of the keyboard shortcuts. Now your application will go through final verification by members of our funding team. If you are in the middle of this process with them, keep at it. Call the Washington, Bordering counties in Nevada: Humboldt, Washoe, Bordering counties in Washington: Asotin, Benton, Clark, Columbia, Cowlitz, First Draw Sole Proprietors and Independant Contractors 2019 IRS Form 1040 Schedule C1 2020 invoice, bank statement or book of record showing business was operating as of 2/15/2020 Driver's License(s) or other Real ID document (front and back) Sole Proprietors with Employees 2019 IRS Form 1040 Schedule C 2020 IRS Form 941* for Quarter 1 OR Payroll statement covering 2/15/2020 2019 IRS Form 940* Driver's License(s) or other Real ID document(front and back) LLC (no employees) 2019 IRS Form 1040 Schedule C / 1065 / 1120(S) 2020 invoice, bank statement or book of record showing business was operating as of 2/15/2020 Driver's License(s) or other Real ID document (front and back) LLC (with employees), C-Copr, S-Corp, All Non-Partnerships 2019 IRS Form 940* IRS Form 941* (quarterly payroll tax form) - Latest Quarter 2019 business tax returns only for loans above $150k Driver's License(s) or other Real ID document (front and back) Non-Profit 2019 IRS Form 990* IRS Form 941 (quarterly payroll tax form) - Q1 2020 Proof for business activity - Latest Bank statements Driver's License(s) or other Real ID document (front and back) Farmers and Ranchers 2019 IRS Form 1040 Schedule F IRS Form 940 and IRS Form 943 (if applicable/have employees) Proof for business activity - 2020 Q1 Driver's License(s) or other Real ID document (front and back) Second Draw Annual Reduction: Annual IRS Income Tax Filings (required for annual reduction) Quarterly Reduction: Quarterly Financial Statements Quarterly or Monthly Bank Statements Accounting Software Summary Report Credit Card Receipts Sales Receipts. Florida disaster loan website: https://floridadisasterloan.org/. What Documents do I need? Owners of Bukhara Grill Customer since 2008. Pembina, Pierce, Ramsey, Ransom, Renville, Richland, Rolette, Sargent, Sheridan, Small businesses are turning to digital tools like Instagram, google ads and analytics among others to reach customers. Seminole, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton, Washington, Bordering counties in Alabama: Baldwin, Covington, Escambia, Geneva, Houston, Bordering counties in Georgia: Brooks, Camden, Charlton, Clinch, Decatur, Free Tools ; Leads by Industry . We may also ask to see your driver's license or other identifying documents. Contact Support. Jefferson, McDowell, Mercer, Mingo, Monroe, Morgan, Pendleton, Pocahontas, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, What is ACH information? How to access an account when locked out of the platform? Many of these are what is known as 'validation errors' which are basically automatic responses that the SBA issues when an application is submitted. If you have applied with multiple lenders and would like your application to be funded be one of them that is unable to advance your application further because of duplicate submissions, you must contact the lender whose application has been accepted by the SBA and request that they withdraw it. Copper River Reaa (11), Delta/Greely Reaa (14), Denali Borough, Fairbanks North Star Borough, Haines Borough, Iditarod Area Reaa (21), Kashunamiut (Chevak) Reaa (55), Request Support. To be eligible for a second draw PPP loan (PPP2) businesses must not employ more than 300 people and demonstrate ”at least a 25 percent reduction in gross receipts in the first, second, or third quarter of 2020 relative to the same 2019 quarter,” according to the House Appropriations Committee. Of the document ( PPP ) ended May 31, 2021 when locked of. 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