Merchant Processing Solutions helps merchants apply for the Paycheck Protection Program!

 

The SBA is accepting new Paycheck Protection Program (PPP) loan applications from banks this week. This follows recent approval of $284B in new funding, which will be allocated on a first-come, first-serve basis. The PPP provides low interest loans to businesses impacted by Covid; these loans will be forgiven if funds are primarily used for Payroll and other specified expenses. This round of PPP funding is open to businesses who are seeking a second draw, as well as those who will be applying for the first time. Businesses can again apply for 2.5 times their average monthly adjusted payroll amount; this has been increased to 3.5 times for those in the lodging and restaurant industries. Businesses without employees can also participate, with funding based on their 2019 net-income. LEARN MORE ABOUT PPP As we previously announced, Priority understands the challenges that many small businesses faced in accessing PPP funds in previous rounds. As a service to our clients, we partnered with Adesso Capital, our valued lending partner. Adesso provides an easy online application which will be immediately processed by an SBA approved lender. Adesso’s Lending Professionals are also available to answer your questions and resolve any application issues through their dedicated PPP hotline. There is no cost to you to utilize these services. In previous rounds, available funding was depleted very quickly. This time should be no different. We encourage you to begin your application today. Pre-Apply Here   CALL MERCHANT PROCESSING SOLUTIONS FOR MORE INFORMATION  CALL 954-938-2420