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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)

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