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Apply for a Paycheck Protection Program Loan
SBA Covid-19 Loan Assistance Program
TruStart can help your business access a Covid-19 Loan quickly. Funds can be used to make payroll or cover expenses.
Apply for a Paycheck Protection Program loan
No payments for
6 months
Interest at 1.0%
Loans up to $2 million
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Cover expenses and payroll with the Paycheck Protection Program
Full loan forgiveness for eligible payroll, mortgage interest, rent, and utility expenses.
Forgivable Loan
Small Business Qualifed
Small business with fewer than 500 employees qualify.
Easy Application
Apply online with some basic information and find out if you qualify within minutes.
Favorable Terms
Get up to 2.5x your average monthly payroll costs, with no payments for 6 months.
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About The
Payment Protection
Program
Introduction
The Paycheck Protection Program is part of the Covid-19 Relief Aid and Economic Security (CARES) Act. The program will allocate $350 billion to small businesses with cash-flow assistance through 100 percent federally guaranteed loans.
Qualifying
Small businesses with fewer than 500 employees that have been negatively affected by COVID-19 who were in operation on or before February 15, 2020. This includes sole proprietorship, independent contractors, eligible self-employed individual, non-profit organizations, and tribal concerns.
Qualifying for Payment Protection
Business information
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Basic information about you and your business
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Your average monthly payroll costs
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Details of full-time employees and associated payroll costs
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Details of all persons with 20% or greater ownership stakes
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required Loan Documents
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Payroll tax filings such as 941, 940/944, 1120, Schedule C, or payroll processor records
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Bank statements or bank connection
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Proof of mortgage interest payments, rent payments, and utility expenses
Are you ready to apply? Get Started
CONTACT US
For any inquiries, please call or email us:
(888) 787-7842
our address
501 W Broadway, Suite 800
San Diego, CA 92101
FOOTNOTES
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All loans are subject to credit approval.
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TruStart can pre-approve you in hours for up to $500,000 when we are able to obtain your credit report and/or personal tax returns. Your funding consultant will guide you through the whole funding process.