PPP loans are back

The Paycheck Protection Program has received additional funding and applications are now open. While Fundbox is not a direct lender, we can connect you and assist you with a streamlined application process through our partnership with Cross River Bank, one of the leaders in the PPP lending business. Read more information about the program below, or get started now.

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PPP loans can help your business

1% loans may be up to
100% forgivable

Loans forgiven if used for eligible payroll, utilities, rent, mortgage interest, and some operation expenses. Any amount not forgiven will have a 1% interest rate.

Based on 2019 or 2020
payroll (or profit)

Loans up to $2 million, with max amount based on average monthly payroll (or net revenue if a sole proprietor) for 2.5 months (3.5 months for food/hotel industry).

Payments deferred up to
10 months

The PPP Flexibility Act defers borrower payments on all PPP loans up to 10 months after the end of the borrower’s loan forgiveness covered period.

PPP loan checklist

PPP-application

See a list of documents you'll need to apply

Here is a list of some key documents you may need to complete the Payroll Protection Program application.

Read more

PPP FAQs

Answers to common questions

What is the Paycheck Protection Program (PPP)?
Who qualifies for an initial PPP loan?
Who qualifies for a second draw PPP loan?
How much can I get?
What are the rules for getting the loan forgiven?
What "payroll costs" are forgivable?
What "non-payroll costs" are forgivable?
Unforgiven loan payments deferred up to 10 months
Apply with us before August 8, 2020? Check the status of that PPP loan here.
PPP loans are back. Let Fundbox connect you with a lender.