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What Businesses Are Eligible for PPP Loans?

The Paycheck Protection Program (PPP) is a short-term loan program administered by the Small Business Administration (SBA) to help small businesses with 500 employees or fewer who have been affected by the COVID-19 pandemic. In early 2020, many businesses across the country were ordered to close shop or severely curb their operations for months to […]

What Small Business Administration (SBA) Loans Does Revenued Provide?

The U.S. federal government offers loans and grants through the Small Business Administration (SBA) to assist entrepreneurs and small businesses in need of financing. These loans are provided by approved lenders and backed by the SBA. Revenued does not directly provide SBA loans; however, we have assisted businesses in applying for an SBA loan known […]

What Is the SBA Paycheck Protection Program (PPP)?

The Paycheck Protection Program (PPP) is a Small Business Administration (SBA) loan program established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses keep workers on their payrolls. The initiative provided forgivable loans to small businesses in exchange for not laying off employees during the COVID-19 pandemic. It gave small […]

Who Is Eligible for the Paycheck Protection Program (PPP)?

To diminish the spread of COVID-19, U.S. companies were ordered to close down or severely limit operations. This severely impacted the lives and well-being of individuals and continues to have a devastating economic effect on small businesses. For- and non-profit small businesses employing 500 or less U.S. workers impacted by the pandemic are eligible for […]

Should Small Businesses Use PPP Loans?

Many U.S. small businesses affected by the COVID-19 pandemic received help through billions of dollars the federal government made available through loans that could be converted to grants if companies utilized the money to pay employees. However, the deadline for the second round of that program called the Paycheck Protection Program Flexibility Act (PPPFA), ended […]

How Much Does a PPP Loan Cost?

The COVID-19 pandemic adversely affected scores of U.S. small businesses when the government ordered them to close or limit operations to slow the disease‚Äôs spread. Concerned that mass layoffs and unprecedented unemployment levels were just around the corner, Congress established the Paycheck Protection Program (PPP) to provide loans to help small businesses meet payroll expenses […]

How Does the SBA Paycheck Protection Program (PPP) Work?

The SBA Paycheck Protection Program (PPP) is a $659 billion initiative created within the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses with payroll and bills. The SBA will pardon some or all of the loan if businesses meet specific criteria. The program provides up to $10 million in SBA emergency […]