New applications from other lenders will no longer be processed. The PPP loan program officially expires on May 31, 2021, but lenders have until June 30 to process outstanding PPP applications.What do I need to know about smartbiz loans?
WHAT'S CHANGED? For those that file a 1040 Schedule C, the PPP loan application now allows eligible gig workers, independent contractors, self-employed, and other small business owners to use gross income to calculate the maximum loan amount so you can protect and support your business. WHAT DO I NEED TO KNOW?Where does the company smartbiz.com come from?
SmartBiz is headquartered in San Francisco. The company was founded in 2008 to help businesses secure small business loans. SBA loans: SmartBiz structures their website and application process to simplify the process of applying for an SBA 7 (a) guaranteed loan.Can a PPP loan help a small business?
PPP loan forgiveness can help your business stay afloat and rebuild. We’re honored we could assist nearly 200,000 small businesses with successfully processing their PPP loan applications through a bank in our network. Importantly, 60% of those businesses are women-owned, minority, or veteran-owned businesses all across America.