Are you (or do you know) a Small Business Owner in need of COVID-19 relief? An SBA-backed Paycheck Protection Program loan can help!
Recently added as an SBA loan program, the Paycheck Protection Program provides federally-guaranteed loans to eligible small businesses. Loans are the lesser of $10 million and the calculated amount may be partially forgivable. These loans are intended to help small businesses retain employees throughout and after the COVID-19 crisis.
As dictated by the CARES Act, the SBA will commit to helping small business owners across America borrow $349 billion. The Paycheck Protection Program covers operational expenses beginning February 15, 2020 and ending on August 8, 2020.
UMe is pleased to provide our membership with access to Paycheck Protection Program loans through Lendio!
- Low Interest Rate — Just 1% APR for the entire life of your PPP loan
- 100% Loan Forgiveness for qualified loan uses like payroll, mortgage interest, rent & utilities
- Defer Payments for the first 6 months and up to 12 months
- Two Year Term — Spread out payments over a two-year term to make your loan even more affordable
If you apply with Lendio, you will receive funding from a Lendio partner, not from UMe, because we are not an approved SBA lender at this time.
UMe is not profiting from any of these Lendio PPP loans, we are simply providing our membership with access to SBA eligible lenders in order to help our business members thrive. At UMe, U really do Matter to Me (all of us) — even if that means referring you to another lender to help you achieve your goals.
For more information or to start the Lendio application process, click here!