JavaScript must be turned on in order for this site to display properly
mobile-nav
Blog_header

Attention Small Business Owners: PPP loan options are back, and we can help connect U!

SBA PPP options are back, and we can help connect U!

Hello UMe-verse!

If you are a small business owner (or know of a small business owner) who might need some extra help, we’ve got some good news: SBA-backed Paycheck Protection Program (PPP) loans are back, and we’re happy to provide that loan access to our membership! This time around, $284 billion is allocated towards PPP loans to help small businesses.

Our small business members can apply for PPP loans through Lendio. These loans are intended to help small businesses retain their employees throughout and after the pandemic crisis. The Paycheck Protection Program covers operational expenses beginning January 11, 2021 and ending on March 31, 2021. Here’s some more things you should know if you plan on applying:

  • U get a (super) low interest rate — just 1% for the entire life or your PPP loan
  • Loan forgiveness — 100% of your loan can be forgiven for qualified loan uses like payroll costs, mortgage interest, rent, utilities and more
  • 12-month deferral period — For portions of the loan that are not forgiven, payments can be deferred for up to 12 months.
  • Five Year Term — Spread out payments over a five-year term, to make your loan even more affordable.
  • More businesses are eligible — SBA has increased eligibility for PPP loans

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 spreading the word to help our small business friends. 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.

Funds are limited, so act fast for your best change of receiving PPP loan funds! For more information, or to get started with the Lendio application, click here.
bank on UMe
Back To Top