Keyword Analysis & Research: smartbiz ppp 2

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Frequently Asked Questions

How to apply for a smartbiz PPP loan?

Let SmartBiz help you get ready for the new round of the Paycheck Protection Program (PPP) just approved by Congress and the President*. While the SBA prepares to accept applications, we’ve put together a Prep List of the documents you’ll need for your PPP loan application.

Do you have to pay back a smartbiz loan?

Complete our simple PPP Loan application, and upload required documents to submit them to the bank quickly.* These PPP loans are forgivable for eligible borrowers. This means you don’t have to pay it back if the funds are used as designated under SBA rules.

What's the maximum loan amount for a second draw PPP?

For borrowers in the Accommodation and Food Services sector (use NAICS 72 to confirm), the maximum loan amount for a Second Draw PPP loan is 3.5x the average monthly 2019 or 2020 payroll costs up to $2 million.

Do you have a better experience with smartbiz?

Applied on 1/24 and status remains as "SmartBiz Review". Anyone have a better experience to report or in the same boat? Yes. I received this morning. Applied 1/12. Approved in 10 days. Request higher loan amount and got that in four days with PLP numbers. E signed day after and received fund today.


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