SBA Loans

PPP Loans

Congress has allocated $285 BILLION for more Paycheck Protection Program (PPP) loans.

If you’re a BIPOC (Black, Indigenous and People of Color) business owner, you’ll have access to $12 BILLION that has been specifically set aside for underserved businesses.

Paycheck Protection Program Loan Requirements

To qualify for a PPP loan, your business needs to meet the following criteria:

Your business was in operation as of February 15, 2020.
You have 500 or fewer employees.
You’re an independent contractor, sole proprietor, self-employed individual, or business partner (though only one PPP application can be submitted per partnership).
You have employees for whom you paid salaries and payroll taxes are reported on Form 1099-MISC. (Although you cannot include 1099 payments in payroll calculations.) This also applies for paid independent contractors.
You are a small business concern as defined by the SBA.

Application Link: https://www.pinkprintxo.com/application

Click "Apply Now" to get started.

EIDL Loan/Advance

Targeted EIDL Advance: Borrowers in low-income communities who have experienced an economic loss of 30%+ due to the pandemic may qualify for an additional loan advance/grant.

Economic Injury Disaster Loan Requirements

To be eligible for the new Targeted EIDL Advance, businesses must meet the following criteria:

Be located in a low-income community
Have suffered an economic loss greater than 30%
Have 300 or fewer employees
Apply during the covered period (January 31, 2020–December 31, 2021)