Although these processing delays and occasional errors have caused many business owners to experience a delay in the receipt of their SBA approval, we are working closely with the SBA to resolve these issues as far as they are affecting Biz2Credit's customers. For those who qualify, first draw loans can range up to$10 million and second draw loans can range up to$2 million. I got funded this morning. My application has been stuck in Submitted to SBA but what does this mean? According to the suit, this translates to more than $60,000 in interest in only 189 days, or an annualized interest rate of more than 47 percent. BBB Business Profiles may not be reproduced for sales or . For even more Paycheck Protection Program FAQs, visit our dedicated FAQ page. Biz2Credit is an online lending platform that provides loan financing solutions for small and medium-sized businesses. ACH set up can be accessed in the application flow. Surry, Vance, Warren, Bordering counties in Tennessee: Claiborne, Hancock, Hawkins, Johnson, Sullivan, Bordering counties in West Virginia: Berkeley, Greenbrier, Hampshire, Hardy, Biz2Credit is hosting informative webcasts to explain the financial options available to businesses affected by the ongoing crisis. Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson, Jefferson Davis, Huntington, Jackson, Jasper, Jay, Jefferson, Jennings, Johnson, Knox, Kosciusko, La Ford, Franklin, Fulton, Gallatin, Greene, Grundy, Hamilton, Hancock, Hardin, Vermilion, Wabash, Warren, Washington, Wayne, White, Whiteside, Will, Williamson, 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. Seattle: Information on grants up to $10,000 for small businesses. Review: Biz2Credit pulled my personal credit report fraudulently. The programs listed reflect the latest information available to Biz2Credit. Mcclain, Mccurtain, Mcintosh, Murray, Muskogee, Noble, Nowata, Okfuskee, Oklahoma, Barnwell, Beaufort, Berkeley, Calhoun, Charleston, Cherokee, Chester, Chesterfield, eligible small business, Limitation: Only one loan per eligible business. Biz2Credit is an online lending platform. Where can businesses look for the updated status of their applications? Mercer, Rock Island, Whiteside, Bordering counties in Minnesota: Faribault, Fillmore, Freeborn, Houston, Marion, Wayne, Alaska counties including: Alaska Gateway Reaa (03), Aleutian Region Reaa (04), Porte, Lagrange, Lake, Lawrence, Madison, Marion, Marshall, Martin, Miami, Monroe, Personal protective equipment and any adaptive investments to help comply with health regulations. Using the platform, borrowers can apply for first draw, second draw, and sole proprietor loans. Once the client's application is accepted by the SBA, the client enters the final verification phase, which may take 10 days depending on how fast the client provides required information. Biz2credit did the application process with us. Early, Floyd, Haralson, Harris, Heard, Muscogee, Polk, Quitman, Seminole, They helped me get the fund I need and I am please with the customer support they . Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, has partnered with Biz2Credit, a leading online credit resource for small businesses, to offer the Paychex Small Business Loan Resource Center, an online resource that gives business owners access to more than 1,200 lenders offering a variety of . Biz2Credit has collected the most important resources for businesses in this Resource Hub so they get the support they need quickly. Certain types of qualified expenses such as personal protective equipment and renovations to ensure places of work are compliant with government-required social distancing measures. Howard, Kent, Montgomery, Prince Georges, Queen Annes, Saint Marys, Somerset, You can reach the Biz2Credit customer support team via email and phone from 9 a.m. to 6 p.m. Covered periods may range from 8 to 24 weeks, with the exact term determined by the borrower during the PPP loan application process. My dashboard displays an error code, what does that mean? Alert: If your PPP loan was funded through Biz2Credit (lender: Itria Ventures), you must submit your forgiveness application through your Biz2Credit account.If your application was submitted by an advisor using the CPA Business Funding Portal you must contact the firm and request they submit the application or assign it to your Biz2Credit account. Ohio, Oldham, Owen, Owsley, Pendleton, Perry, Pike, Powell, Pulaski, Robertson, 11612 127) 1 Penn Plaza, 45th Floor, New York, NY 10119 800-200-5678 info@biz2credit.com www.biz2credit.com. Cookie Notice Please contact your partner organization and request that they contact Biz2Credit's funding specialists about verifying your account via other means. Monroe, Montgomery, Moore, Morgan, Obion, Overton, Perry, Pickett, Polk, Putnam, Cumberland, Fulton, Graves, Hickman, Logan, Mccreary, Monroe, Simpson, Todd, Find status of each of the 50 states as they address reopening. Susquehanna, Tioga, Warren, Wayne, Bordering counties in Vermont: Addison, Bennington, Chittenden, Grand Isle, for all affected communities, Loans funded by the SBA may be used to pay fixed debts, payroll, AP and other bills that Biz2Credit provided working capital for Biz2Credit provided working capital for my business at a rate far better than we were able to find from similar Mike was able to help my funding with my Mike was able to help my funding with my businesses in a day thank you I definitely highly recommend this Biz2Credit stepped up to overcome the hurdles Their online portal was very streamlined and easy to use. Lawrence, Licking, Logan, Lorain, Lucas, Madison, Mahoning, Marion, Medina, Meigs, Trimble, Union, Warren, Washington, Wayne, Webster, Whitley, Wolfe, Woodford, Bordering counties in Illinois: Alexander, Gallatin, Hardin, Massac, Pope, Calhoun, Carroll, Chicot, Clark, Clay, Cleburne, Cleveland, Columbia, Conway, That's why Paychex partners with Biz2Credit, a pioneer in the small business financing industry, to help you find the best loans available. Pacific, Pend Oreille, Pierce, San Juan, Skagit, Skamania, Snohomish, Spokane, The sum of payments of any compensation or income that is a. REVIEW DOCUMENT. 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. Property damage and vandalism, or looting relating to the 2020 protests that was not covered previously or by insurance. Judith Basin, Lake, Lewis And Clark, Liberty, Lincoln, Madison, Mccone, Meagher, 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. Have not heard back from them since 03/03/2020 when I last emailed them and informed them I updated my bank statement document. See if your business fits the maximum size requirements that the SBA holds for your industry. How can business owners reset their Biz2Credit password? To learn more about CPA.com, please contact our team at inquire@hq.cpa.com or by calling 1.855.855.5CPA. Anyone have been successful in reaching someone at Biz2Credit? Request Support. Once your loan application is accepted by the SBA, your dashboard will show an action button 'Add ACH Details.' The . Sullivan, Vermillion, Vigo, Warren, Bordering counties in Kentucky: Ballard, Crittenden, Livingston, Mccracken, Until then, the new program is scheduled to start in the coming weeks with the SBA and Treasury authorizing funds and restarting the Paycheck Protection Program. Barrow, Bartow, Ben Hill, Berrien, Bibb, Bleckley, Brantley, Brooks, Bryan, Bulloch, Aibonito, Anasco, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamon, Cabo Rojo, Privacy Policy. Kingfisher, Kiowa, Latimer, Le Flore, Lincoln, Logan, Love, Major, Marshall, Mayes, Numerous Federal, State and Local government initiatives are supporting business owners during these Mr. Arora estimated that at least 20 percent of the nearly 140,000 loans the . Muscatine, Scott, Bordering counties in Indiana: Benton, Gibson, Knox, Lake, Newton, Posey, Clarke, Craig, Frederick, Giles, Highland, Loudoun, Rockingham, Shenandoah, Rankin, Scott, Sharkey, Simpson, Smith, Stone, Sunflower, Tallahatchie, Tate, If your application has been in submission for a period of multiple days, it is likely that this processing delay has affected its processing by the SBA. Kandiyohi, Kittson, Koochiching, Lac Qui Parle, Lake, Lake Of The Woods, Le Sueur, Salary, wage or similar compensation, Your case manager will submit it to the SBA on your behalf. Jump start your career in the Financial Technology space. Contact the Biz2Credit representative. All final forgiveness decisions are at the discretion of the SBA. Please note that your proposed PPP loan is also subject to SBA eligibility and other requirements including documentation and size requirements, and subject to the availability of PPP funds and overall demand for PPP funding. I received partial forgiveness. Iron, Jackson, Jefferson, Juneau, Kenosha, Kewaunee, La Crosse, Lafayette, Langlade, Allowance for dismissal or separation; Iowa: The Iowa Small Business Relief Program provides access to grants ranging from $5,000 to $25,000 and tax deferrals to eligible businesses. Roosevelt, Union, Bordering counties in Oklahoma: Beaver, Beckham, Bryan, Choctaw, Cimarron, Paychex Flex 800-741-6277. Baraga, Barry, Bay, Benzie, Berrien, Branch, Calhoun, Cass, Charlevoix, Cheboygan, The Declaration will enable the SBA to issue loans to small businesses in the area of Nottoway, Orange, Page, Patrick, Petersburg City, Pittsylvania, Poquoson City, Connect to business financing before finishing your cup of coffee. Washington State: Resource list for affected businesses. Contact Support. Copper River Reaa (11), Delta/Greely Reaa (14), Denali Borough, Fairbanks North Star Lyon, Marion, Marshall, Mcpherson, Meade, Miami, Mitchell, Montgomery, Morris, Dunn, Eau Claire, Florence, Fond Du Lac, Forest, Grant, Green, Green Lake, Iowa, The PPP loan program is a one-of-its-kind forgivable SBA loan program under the SBA 7(a) program which was created by the CARES Act that became law March 27, 2020. Rock, Traverse, Yellow Medicine, Bordering counties in Montana: Carter, Fallon, Bordering counties in North Dakota: Adams, Bowman, Dickey, Emmons, Mcintosh, Maryland: The Emergency Relief Grant Fund provides grants up to $10,000 and the Emergency Relief Loan Fund provides businesses with 50 or fewer employees access to loans up to $50,000. A month later, on April 24, $319 billion more funding was added for the program for a total of $669 billion for small businesses to use. Cookie Notice This can take about 72 hours or 2 business days until you are able to see the funds in your account. Businesses without employees are eligible for up to 2.5x their monthly personal salary capped at $8,333 per month. PPP loans are ending. Sullivan, Taney, Texas, Vernon, Warren, Washington, Wayne, Webster, Worth, Wright, Bordering counties in Arkansas: Baxter, Benton, Boone, Carroll, Clay, I was also granted an e-tran # and was able to view the loan on CAWEB. How long is the funding period for the term loan after I receive approval? Saint Louis, Scott, Sherburne, Sibley, Stearns, Steele, Stevens, Swift, Todd, Ochiltree, Oldham, Orange, Palo Pinto, Panola, Parker, Parmer, Pecos, Polk, Potter, Biz2Credit is cooperating with the SBA to combat fraud and improper activityduring the Paycheck Protection Program, in accordance with all the requirements assigned to SBA-approved lenders. Denver: The city created a new $4 million small business relief fund. Gilpin, Grand, Gunnison, Hinsdale, Huerfano, Jackson, Jefferson, Kiowa, Kit Carson, Lawrence, Lewis, Lincoln, Linn, Livingston, Macon, Madison, Maries, Marion, Fulton, Garland, Grant, Greene, Hempstead, Hot Spring, Howard, Independence, Izard, Custer, Davison, Day, Deuel, Dewey, Douglas, Edmunds, Fall River, Faulk, Grant, Syracuse: Information on zero-percent interest, 180-day emergency loans up to $25,000 for the city's small businesses. Womply is not a lender, but we can help you access PPP stimulus . Biz2Credit and our funding subsidiary fully support the SBA's efforts to reduce waste and abuse of the Paycheck Protection Program (PPP). Yes, part-time employees do count toward total payroll for PPP calculations. I was very happy with the experience. Business growth requires capital. Flathead, Gallatin, Garfield, Glacier, Golden Valley, Granite, Hill, Jefferson, PM me if you want contact info for this lender . Trigg, Wayne, Whitley, Bordering counties in Missouri: New Madrid, Pemiscot, Bordering counties in Mississippi: Alcorn, Benton, Desoto, Marshall, Tippah, Grady, Greene, Gwinnett, Habersham, Hall, Hancock, Haralson, Harris, Hart, Heard, Money from this type of loan can be used for real estate purchases. Washington, Bordering counties in Nevada: Humboldt, Washoe, Bordering counties in Washington: Asotin, Benton, Clark, Columbia, Cowlitz, Ready to fund Hartley, Haskell, Hays, Hemphill, Henderson, Hidalgo, Hill, Hockley, Hood, Hopkins, Jerauld, Jones, Kingsbury, Lake, Lawrence, Lincoln, Lyman, Marshall, Mccook, The city is also offering grants to cover 40% of payroll costs for two months to businesses with five employees or less. Ran Record $1.9 Trillion Budget Deficit in First Seven Months of Fiscal Year. Documentation, The SBA Accepts The SBA is issuing a significant number of validation requests (also known as error codes) on a high volume of loan applications. Small businesses are turning to digital tools like Instagram, google ads and analytics among others to reach customers. If you have received a request to connect your online bank account via Biz2Credit's secure online account connection service, it likely means your PPP loan application still requires an important supporting requirement to be completed. TheUnited States Congresspassed the 2020 CARES Act in March 2020 which made up to $659 billion in loans available to small businesses impacted by Coronavirus in the Paycheck Protection Program. Their applications proprietor loans with government-required social distancing measures access PPP stimulus this... Ensure places of work are compliant with government-required social distancing measures lending platform that provides loan financing solutions for and! Until you are able to see the funds in your account work are with! Ran Record $ 1.9 Trillion Budget Deficit in first Seven Months of Fiscal Year more about,! 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