Idea Financial is ready for the exclusive 2 week application period
MIAMI, February 25, 2021 / PRNewswire / – Idea Financial recently partnered with Cross River Bank to provide small business owners across the country with access to the “PPP” paycheck protection program. To cross Riverbank was a pioneer in providing access to this business economics program, processing more loans than any bank in United States.
This week, the United States government created a temporary rule change in PPP that grants exclusive access to funds to companies that have had difficulty accessing the program since its inception. Companies eligible to apply during the exclusive two-week application period include:
- Companies with 19 or fewer employees
- Unique owners
- Independent contractors
If your business falls into any of the categories listed above, the best time to apply for a PPP loan is now.
More changes to PPP rules are coming, with the SBA removing current restrictions on people with delinquent student loan debt, non-fraudulent felony convictions, and non-citizen business owners based in the United States. meeting certain criteria. Sole proprietors and independent contractors should also benefit from the more inclusive eligibility.
The exclusivity period will end on March 11, 2021. The application deadline for the entire PPP is currently set at March 31, 2021, so all eligible companies must apply now to exceed the deadline.
Idea Financial is currently processing applications that meet the updated criteria for the exclusive 2-week application window. To start your PPP application, go to: https://ideafinancialapply.crossriversba.com/#/start/.
Contact: Adriana pinto, 786-738-4076, [email protected]
SOURCE Financial Idea