The preferred Broker for PPP Financing
Guidance Funding provided over $100,000,000 in PPP financing to over 1000 small businesses during PPP Round 1! Sign up today to receive updates and begin preparing your application for Round 2.
Why many small businesses choose Guidance Funding for their PPP loan
We have experience. We processed over two hundred million dollars in PPP financing to more than 3,000 small businesses across the U.S.
You can apply online-it's fast and transparent
We offer extensive resources and support through our team of expert funding specialists
You'll also want to start collecting some documents for your PPP loan eligibility, including:
Schedule C, Form 940, or Form 941's for each quarter of the year
First Draw Loan Number- if you have received the first draw
UPDATE January 11th , 2021:
The second round of PPP financing has been approved and signed into law!
We expect applications will go live by January 15, 2021 for applicants that did NOT receive a First Round PPP and shortly afterwards for those that did. All updates will be published here.
The program will be open for both first-time borrowers and borrowers looking for a second loan.
To be eligible for Round B (if you received a PPP loan in the previous round) you must have 300 or fewer employees, have seen a 25% drop in revenue in any quarter of 2020 relative to the same quarter in 2019, and must have used the full amount of your first PPP loan.
Covered expenses have expanded to include software, cloud computing resources, and human resources.
The SBA clarified the 25% reduction:
A borrower can verify they have experienced a revenue reduction of 25% or greater by showing either of the following:
Gross receipts from one quarter of 2020 and gross receipts from the same quarter of 2019 (example: Q1 2020 and Q1 2019) which show a 25% or greater reduction in revenue
If the borrower was in operation for all four quarters of 2019 and all four quarters of 2020, they can verify the 25% reduction if it experienced a reduction in annual receipts of 25% or greater in 2020 compared to annual receipts from 2020 by submitting copies of its annual tax forms which show the decline in revenue
Please have these documents ready:
We will be monitoring and updating this site with new information.
eligible for forgiveness
Loans forgiven for eligible payroll, utilities, rent, and mortgage interest. Any amount not forgiven will have a 1% interest rate.
Loans up to $2 million, with the max amount based on average monthly payroll x2.5.
get funds fast
PPP Applications can be processed and funded within 72 hours.
PPP Disclosure: Guidance Funding is committed to helping small businesses navigate the new Small Business Administration (SBA) Paycheck Protection Program. The program provides small businesses with funds to pay up to 24 weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent and costs for utilities, as more fully explained in SBA materials. This program is provided through Guidance Funding , as well as other financial institutions, but it is an SBA program and, accordingly, the requirements and availability of loans under the program are primarily driven by the SBA. Any loan made under the SBA’s Paycheck Protection Program must be submitted to and approved by the SBA. There is limited funding available and so all applications submitted will not be approved and funded by the SBA. Guidance Funding is participating in the Paycheck Protection Program to help businesses impacted by the economic impact from COVID 19. However Guidance Funding anticipates high volume and there may be processing delays and system failures along with other issues that interfere Guidance Funding taking your application or submission of any application to SBA. Guidance Funding does not represent or guarantee that it will take your application or submit any applications taken before SBA funding is no longer available or at all. By using Guidance Funding to seek a Paycheck Protection Program loan, you agree that Guidance Funding is not responsible or liable to you (i) if your application is not taken by Guidance Funding or any application is not submitted to the SBA until after SBA stops approving applications, for any reason or (ii) if your inquiry or any application is not processed. You also forever release and waive any claims against Guidance Funding concerning failure to obtain a loan. This release and waiver applies to but is not limited to any claims concerning Guidance Funding (i) pace, manner or systems for processing or prioritizing your inquiry or any resulting applications, or (ii) representations by Guidance Funding regarding the application process, the Paycheck Protection Program, or availability of funding. This release and waiver supersedes any prior communication, understanding or agreement on the issues set forth herein. Please be prepared to provide your average monthly payroll as defined by the SBA and upload proof of payroll information, e.g., 2019 W-3, 2019 IRS Quarterly 940, 941 or 944 payroll tax reports, 2019 Personal Tax Returns and Business Tax Returns. As a Guidance Funding client, you can apply using this digital application, only if you meet these criteria: Your business is not a governmental entity. You’re authorized to borrow on behalf of the business. Your business hasn’t applied for a loan under the Paycheck Protection Program with Guidance Funding or from another financial institution. The minimum loan amount is $1,000, and the maximum amount is determined by your average monthly payroll and cannot exceed $10 million. The maximum amount may be reduced based on loans to your affiliated companies. You won’t have to make payments on the loan for 6 months from the date of the Note. The loan may be eligible for forgiveness, but only amounts meeting SBA criteria: Forgiveness isn’t automatic. You may request forgiveness of some or all of the principal balance of the loan. Forgiveness is only available if you use the funds for certain purposes and if requested within the timelines established by the SBA. If you request forgiveness, you must provide documentation, and must certify that the loan funds were used for SBA qualifying purposes. The amount forgiven may be subject to certain reductions in certain circumstances; for example, if you have certain reductions in number of employees or employee compensation. The borrower will be responsible under the loan for any amounts not forgiven, and will become payable with monthly payments of principal and interest. The SBA may limit the time frame by which you’ll need to ask for forgiveness.