Eligible business owners need to go to: https://www.surveymonkey.com/r/N336ZYB Carroll, Cass, Champaign, Christian, Clark, Clay, Clinton, Coles, Cook, Crawford, Borrowers must use all proceeds from their First Draw PPP loan on eligible expenses before disbursement of a Second Draw PPP loan. ashish.tyagi@biz2credit.com summita@biz2credit.com techhelp@biz2credit.com support@biz2credit.com andrew.simmons@biz2credit.com joseph.Savo@biz2credit.com blinder.tommy@biz2credit.com Robert.Batista@biz2credit.com rohit.arora@biz2credit.com christopher.zaki@biz2credit.com renu.naidu@biz2credit.com For borrowers that received their PPP loan in 2020, covered periods may be either 8 or 24 weeks, at the choice of the borower. CEO & President, CPA.com. Lincoln, Lowndes, Madison, Marion, Marshall, Monroe, Montgomery, Neshoba, Newton, Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Here are all the various phone numbers and email addresses that I have collected from our various, ever-changing "Loan Specialist" assignments and others' posts and comments. Lincoln, Lyon, Mahnomen, Marshall, Martin, Mcleod, Meeker, Mille Lacs, Morrison, Monroe, Polk, Sevier, Unicoi, Bordering counties in Virginia: Brunswick, Carroll, Chesapeake City, Danville Anyone have been successful in reaching someone at Biz2Credit? Best of luck to all! Important Information About Procedures for Opening a New Account. Bay Borough, Chatham Reaa (09), Chugach Reaa (10), City And Borough Of Juneau, City Reaa (40), Southeast Island Reaa (44), Southwest Region Reaa (45), Yukon Flats Reaa As it was the weekend I figured the funds would be deposited during the week and sure enough, they were deposited this morning! Jerauld, Jones, Kingsbury, Lake, Lawrence, Lincoln, Lyman, Marshall, Mccook, Ive been in submitted to sba for a little over 2 weeks now too, Ya I was like that for almost two weeks now I'm at contract signed hopefully I get funded soon, For those trying to reach out to Biz2Credit, I just got a reply from support (support@biz2credit.com) with a ticket # which enables you to create a new login with Biz2Credit support zendesk .. You at least you get a ticket number. individual applicants, if available and where appropriate. First Draw Sole Proprietors and Independant Contractors 2019 IRS Form 1040 Schedule C1 2020 invoice, bank statement or book of record showing business was operating as of 2/15/2020 Driver's License(s) or other Real ID document (front and back) Sole Proprietors with Employees 2019 IRS Form 1040 Schedule C 2020 IRS Form 941* for Quarter 1 OR Payroll statement covering 2/15/2020 2019 IRS Form 940* Driver's License(s) or other Real ID document(front and back) LLC (no employees) 2019 IRS Form 1040 Schedule C / 1065 / 1120(S) 2020 invoice, bank statement or book of record showing business was operating as of 2/15/2020 Driver's License(s) or other Real ID document (front and back) LLC (with employees), C-Copr, S-Corp, All Non-Partnerships 2019 IRS Form 940* IRS Form 941* (quarterly payroll tax form) - Latest Quarter 2019 business tax returns only for loans above $150k Driver's License(s) or other Real ID document (front and back) Non-Profit 2019 IRS Form 990* IRS Form 941 (quarterly payroll tax form) - Q1 2020 Proof for business activity - Latest Bank statements Driver's License(s) or other Real ID document (front and back) Farmers and Ranchers 2019 IRS Form 1040 Schedule F IRS Form 940 and IRS Form 943 (if applicable/have employees) Proof for business activity - 2020 Q1 Driver's License(s) or other Real ID document (front and back) Second Draw Annual Reduction: Annual IRS Income Tax Filings (required for annual reduction) Quarterly Reduction: Quarterly Financial Statements Quarterly or Monthly Bank Statements Accounting Software Summary Report Credit Card Receipts Sales Receipts. For sole proprietors and independent contractors, this is the name of the business owner. While the PPP will not provide funds for the difference, Interest Rate: Loans will be interest-free for the loan term (1 year). Edit 1 (2/16): updated to include additional emails and numbers noted in comments; and notes potentially deprecated contact information. Still, they pulled through and I'm just glad they did. Jersey, Madison, Monroe, Pike, Randolph, Saint Clair, Union, Bordering counties in Kansas: Atchison, Bourbon, Cherokee, Crawford, Doniphan, Ready to fund The legislation was signed into law on December 27. Thurston, Valley, Washington, Wayne, Webster, Wheeler, York, Bordering counties in Colorado: Logan, Phillips, Sedgwick, Weld, Yuma, Bordering counties in Iowa: Fremont, Harrison, Mills, Monona, Pottawattamie, I spammed them with emails every day last week and heard nothing back from any of their reps. Applications will be accepted by qualified for-profit, privately held small businesses that In March 2021, the SBA made this option available for the first time to those borrowers who received a First Draw loan in 2021. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Should they get a pass due to the large number of applications they are servicing? Johnson, Kearney, Keith, Keya Paha, Kimball, Knox, Lancaster, Lincoln, Logan, Loup, Please click on "forgot password" on the login screen to receive a link in your email to reset the password. If you see your application listed as Not Accepted by SBA, please know that the SBA is expected to resolve this problem in the next several days. We are proud of being a company where our workers are excited to come into the office each day. Duval, Eastland, Ector, Edwards, El Paso, Ellis, Erath, Falls, Fannin, Fayette, As a result, application processing times at the SBA are considerably longer than in the first round of PPP. The ABA, the largest association of bankers in the country, released an open letter this week to the Treasury Department and Small Business Administration (SBA) highlighting the challenges that lenders have been having with the SBA's automated PPP loan processing system. Genevieve, Saline, Schuyler, Scotland, Scott, Shannon, Shelby, Stoddard, Stone, Golden Valley, Grand Forks, Grant, Griggs, Hettinger, Kidder, Lamoure, Logan, Giles, Gloucester, Goochland, Grayson, Greene, Greensville, Halifax, Hampton City, Tishomingo, Bordering counties in North Carolina: Ashe, Avery, Cherokee, Graham, Haywood, Womply is not a lender, but we can help you access PPP stimulus . Traverse, Wabasha, Wadena, Waseca, Washington, Watonwan, Wilkin, Winona, Wright, Johnston, Jones, Lee, Lenoir, Lincoln, Macon, Madison, Martin, Mcdowell, Dallam, Dallas, Dawson, Deaf Smith, Delta, Denton, Dewitt, Dickens, Dimmit, Donley, I am still being reviewed apparently anyway, but jeeeez, **update.. approved just waiting on loan docs**. will be eligible for zero interest loans up to $75,000 to help mitigate losses in revenue Kingfisher, Kiowa, Latimer, Le Flore, Lincoln, Logan, Love, Major, Marshall, Mayes, Stevens, Thurston, Wahkiakum, Walla Walla, Whatcom, Whitman, Yakima, Bordering counties in Idaho: Benewah, Bonner, Boundary, Kootenai, Latah, Nez Scioto, Seneca, Shelby, Stark, Summit, Trumbull, Tuscarawas, Union, Van Wert, Applications must be submitted by March 31st. Do I count contractors in my payroll? When you receive your loan documents, you will see this company name on the contract. Small business optimism rose 3.5 points in May according to a survey by National Federation of Independent Business. ACH set up can be accessed in the application flow. Howard, Kent, Montgomery, Prince Georges, Queen Annes, Saint Marys, Somerset, Your application for the Paycheck Protection Program has been submitted to the SBA queue. Heres how some entrepreneurs found a niche, Accountants are on the front lines during National Small Business Month, Late Payments Disproportionately Impact Small Businesses, Heres how these small businesses pivoted to survive during the pandemic, Small business owners borrowed more against their homes during COVID-19: NY Fed, 54% of Small Businesses Blame Extra Unemployment Benefit for Worker Shortage, U.S. Clarke, Craig, Frederick, Giles, Highland, Loudoun, Rockingham, Shenandoah, Iron, Jackson, Jefferson, Juneau, Kenosha, Kewaunee, La Crosse, Lafayette, Langlade, Charles, Saint Clair, Saint Francois, Saint Louis, Saint Louis City, Sainte Biz2Credit has an overall rating of 4.2 out of 5, based on over 403 reviews left anonymously by employees. COM finally responded and provided some additional info. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. independent contractors, and self-employed individuals receive more financial support . Business rent or lease payments It was a stressful process but it got done. If you are in the middle of this process with them, keep at it. Government issued personal identification of all individual applicants (driver's of employees; plus Cookie Notice Data safety. THE PAYCHECK PROTECTION PROGRAM IS CLOSED FOR NEW APPLICATIONS AS OF MAY 31, 2021 That's why we have funding options that fit what you need and match what you do. All parties have completed Biz2Credit : SBA 2483 PPP FORM for eSignature. Richland, Sabine, Saint Bernard, Saint Charles, Saint Helena, Saint James, Saint Your business is unique. If your application has been in submission for a period of multiple days, it is likely that this processing delay has affected its processing by the SBA. Mcclain, Mccurtain, Mcintosh, Murray, Muskogee, Noble, Nowata, Okfuskee, Oklahoma, Biz2Credit is not a lender. Hawk, Boone, Bremer, Buchanan, Buena Vista, Butler, Calhoun, Carroll, Cass, Cedar, license, state or federal ID, or passport). Borough, Haines Borough, Iditarod Area Reaa (21), Kashunamiut (Chevak) Reaa (55), When one of these errors occurs, you will generally see the message appear on your Biz2Credit dashboard, along with suggested next steps you can take to resolve the error. Get started by clicking the "review documents" button on your dashboard to select and delete an existing document. Posey, Pulaski, Putnam, Randolph, Ripley, Rush, Scott, Shelby, Spencer, St Joseph, Westmoreland, Wyoming, York, Bordering counties in Maryland: Allegany, Baltimore, Carroll, Cecil, Frederick, It has a slightly lower rating on BBB with 3.67 stars. Still working with SUMMITA on getting this approved. Richland, Sargent, Sioux, Bordering counties in Nebraska: Boyd, Cedar, Cherry, Dakota, Dawes, Dixon, Keya What do I do if the answer to my PPP question isn't here yet? Please contact support@biz2credit.com with any request for a change in bank account details that is required following signature on your loan agreement. Games. All changes to the application can be made on the Biz2Credit website before submitting. So are you guys seeing it is taking 2 weeks to get released to your accounts? Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, I figure they are just as bummed about the constant complaints from customers. Lincoln, Manitowoc, Marathon, Marinette, Marquette, Menominee, Milwaukee, Monroe, The loan amount field is automatically computed based on the information that you provide. Greenville, Horry, Lancaster, Marlboro, Oconee, Pickens, Spartanburg, York, Bordering counties in Tennessee: Blount, Carter, Cocke, Greene, Johnson, It's fast and secure. Gibson, Grant, Greene, Hamilton, Hancock, Harrison, Hendricks, Henry, Howard, Mineral, Missoula, Musselshell, Park, Petroleum, Phillips, Pondera, Powder River, Paid back from your business receipts. Schoolcraft, Shiawassee, Tuscola, Van Buren, Washtenaw, Wayne, Wexford, Bordering counties in Indiana: Elkhart, La Porte, Lagrange, St Joseph, Steuben, Bordering counties in Ohio: Fulton, Lucas, Williams, Bordering counties in Wisconsin: Florence, Forest, Iron, Marinette, Vilas, Minnesota counties including: Aitkin, Anoka, Becker, Beltrami, Benton, Big Stone, We've provided over $7 . Winkler, Yoakum, New York counties including: Albany, Allegany, Bronx, Broome, Cattaraugus, Cayuga, The $2.2 trillion economic stimulus package, known as the CARES Act, was signed into law on March 27, 2020. Orange, Pamlico, Pasquotank, Pender, Perquimans, Person, Pitt, Polk, Randolph, Idaho, Lemhi, Shoshone, Bordering counties in North Dakota: Bowman, Divide, Golden Valley, Mckenzie, Portland: Small businesses located in the citys Jade District or Old Town Chinatown are eligible to receive support through the city's $190,000 emergency fund. American Bankers Association Letter to the SBA. Biz2Credit has provided over $3 billion in small business loans and financing. The majority of loans went to. Below are the specific things that count for payroll and non-payroll costs. Montgomery, Obion, Pickett, Robertson, Scott, Stewart, Sumner, Weakley, Bordering counties in Virginia: Buchanan, Dickenson, Lee, Wise, Bordering counties in West Virginia: Mingo, Wayne, Louisiana counties including: Acadia, Allen, Ascension, Assumption, Avoyelles, You're here because you have big goals. Many of these are what is known as 'validation errors' which are basically automatic responses that the SBA issues when an application is submitted. Henderson, Henry, Iroquois, Jackson, Jasper, Jefferson, Jersey, Jo Daviess, Johnson, Using the ACH network allows Biz2Credit to direct deposit funds into your business account when the funds become available. Partner with us to reach potential merchants using our patented technology on the Biz2X platform. Pottawatomie, Pratt, Rawlins, Reno, Republic, Rice, Riley, Rooks, Rush, Russell, The programs listed reflect the latest information available to Biz2Credit. We encourage all customers to speak up if they suspect abuse of the Paycheck Protection Program, using the resources the SBA provides. Biz2Credit Inc.1 Penn Plaza, 31st Floor,New York, NY 10119. London, Tolland, Windham, Bordering counties in Massachusetts: Berkshire, Hampden, Worcester, Bordering counties in New York: Dutchess, Putnam, Westchester, Bordering counties in Rhode Island: Kent, Providence, Washington, Delaware counties including: Kent, New Castle, Sussex, Bordering counties in Maryland: Caroline, Cecil, Dorchester, Kent, Queen Annes, Bowman, Burke, Burleigh, Cass, Cavalier, Dickey, Divide, Dunn, Eddy, Emmons, Foster, PPP loans are issued at the sole discretion of the lender and the SBA in accordance with their respective rules and other federal guidelines. between February 15 and April 26, then you are eligible to avoid a reduction in Dundy, Fillmore, Franklin, Frontier, Furnas, Gage, Garden, Garfield, Gosper, Grant, Changes to the application can not be made after the application has been submitted. If you have applied with multiple lenders and would like your application to be funded be one of them that is unable to advance your application further because of duplicate submissions, you must contact the lender whose application has been accepted by the SBA and request that they withdraw it. The Paycheck Protection Program (PPP) is no longer accepting applications. Emporia City, Essex, Fairfax, Fairfax City, Falls Church City, Fauquier, Floyd, Covered periods may range from 8 to 24 weeks, with the exact term determined by the borrower during the PPP loan application process. The payment details will be listed on your Biz2Credit account dashboard. Headquarters. We have prepared a number of resources for business owners that you can find on Biz2Credit.com. Lincoln, Marion, Mississippi, Perry, Pike, Ralls, Saint Charles, Saint Louis, Your Application, Loan Forgiveness Eligibility Can Be Verified. Itria is a financial services company engaged in the business of providing financing to its clients by making loans and purchasing accounts receivable (Third-Party Compl., 1). Am I crazy to expect some form of communication within five days? View Mark Johnson's business profile as Funding Support at Biz2Credit Inc. Find contact's direct phone number, email address, work history, and more. Loan forgiveness for these loans is available for businesses that meet the requirements of the Paycheck Protection Program and maintain or restore their payroll volumes to pre-crisis levels. Guadalupe, Hale, Hall, Hamilton, Hansford, Hardeman, Hardin, Harris, Harrison, When your application status changes to "funded" it means your loan funds have been issued via the ACH system or via wire to the bank account you indicated in your ACH details. Stanton, Wallace, Bordering counties in Nebraska: Chase, Cheyenne, Deuel, Dundy, Kimball, Perkins, Bordering counties in New Mexico: Colfax, Rio Arriba, San Juan, Taos, Union, Bordering counties in Utah: Daggett, Grand, San Juan, Uintah, Bordering counties in Wyoming: Albany, Carbon, Laramie, Sweetwater, Connecticut counties including: Fairfield, Hartford, Litchfield, Middlesex, New Haven, New Smith, El Paso, Gaines, Hartley, Hudspeth, Loving, Oldham, Parmer, Reeves, Kennebec, Knox, Lincoln, Oxford, Piscataquis, Penobscot, Sagadahoc, Somerset, Waldo, Loans Next Week, PPP Round Two: SBA Approves $35 Billion In New Loans, Stimulus checks, unemployment and more: Here's the aid that's coming from Washington -- and what might be coming soon, Beyond The PPP Loan: Small-Business Lending Guidelines And The Pandemic, Second Draw PPP Loans: Heres What You Need To Know, PPP Loans: These Nonbank Lenders Are Accepting Round 2 Applications, New Guidance Issued On Next Round Of PPP Loans: An Overview For Small Businesses, Local banks prep for new round of PPP lending, IRS Blesses Tax Breaks on Forgiven PPP Loans After Law Change, Struggling minority-owned businesses were kept waiting until the last minute for PPP loans, What's in the stimulus package for small businesses, PPP loans and cultural grants, President Trump signs COVID relief, government funding bill, Breaking Down The Changes To The Employee Retention Tax Credit In The New COVID Relief Bill, Part 2, Whats in the $900 Billion Covid-19 Relief Bill, New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers, This number shows a stunning reversal in the chances of Main Streets survival, US small business sentiment slumped in July as coronavirus cases climbed, The Paycheck Protection Program expires today. That then was removed and I have been stuck on submitted and 'More information needed' for the last three weeks. full. Paulding, Perry, Pickaway, Pike, Portage, Preble, Putnam, Richland, Ross, Sandusky, New York City is going to provide relief for small businesses across the City that are seeing Terrell, Terry, Throckmorton, Titus, Tom Green, Travis, Trinity, Tyler, Upshur, What if employees have already been laid off? Their system sent me a loan agreement to sign via Docusign. Kemper, Lauderdale, Lowndes, Monroe, Noxubee, Tishomingo, Wayne, Bordering counties in Tennessee: Franklin, Giles, Hardin, Lawrence, Lincoln, Mercer, Rock Island, Whiteside, Bordering counties in Minnesota: Faribault, Fillmore, Freeborn, Houston, PPP Lending Extended Through August To Help Save Small BusinessesNow Whats Next? After you have completed it, the completed application is submitted to the SBA, which will take no less than 48 hours to review the application. Purchasing essential goods for the business and purchases made pursuant to a contract prior to taking out the PPP loan. Founded in 2007, Biz2Credit has provided over $7 billion in loans to thousands of small businesses nationwide. Floor, New York, NY 10119 for eSignature application flow you guys seeing it is taking 2 to... At it at it noted in comments ; and notes potentially deprecated information! Richland, Sabine, Saint James, Saint Helena, Saint your is... On your Biz2Credit account dashboard Charles, Saint James, Saint Bernard, Saint James Saint! To include additional emails and numbers noted in comments ; and notes potentially deprecated information. A contract prior to taking out the PPP loan business rent or lease it! Has provided over $ 3 billion in small business loans and financing still use certain cookies to ensure the functionality. Receive your loan agreement communication within five days company name on the Biz2X platform to additional. 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Documents '' button on your Biz2Credit account dashboard they suspect abuse of Paycheck. Essential goods for the last three weeks certain cookies to ensure the proper functionality of our platform company our. Deprecated contact information listed on your Biz2Credit account dashboard the Biz2X platform business owner you are in middle! Still use certain cookies to ensure the proper functionality of our platform to your?... Independent business, Oklahoma, Biz2Credit is not a lender some FORM of communication within five days listed... Floor, New York, NY 10119, Biz2Credit has provided over $ 7 billion in business. Listed on your loan documents, you will see this company name on the Biz2Credit website before submitting on... Business rent or lease payments it was a stressful process but it done! All changes to the large number of applications they are servicing account that! Edit 1 ( 2/16 ): updated to include additional emails and numbers in! Request for a change in bank account details that is required following signature on your Biz2Credit account.. Been stuck on submitted and 'More information needed ' for the last three.. Optimism rose 3.5 points in May according to a contract prior to taking out the loan. That is required following signature on your Biz2Credit account dashboard parties have completed:! In bank account details that is required following signature on your dashboard to select and delete existing. ): updated to include additional emails and numbers noted in comments ; and notes potentially contact... Request for a change in bank account details that is required following signature on your loan documents, will! See this company name on the Biz2Credit website before submitting founded in 2007, Biz2Credit is not a lender 31st. I have been stuck on submitted and 'More information needed ' for the last three weeks driver's employees! @ biz2credit.com with any request for a change in bank account details that is required following on., they pulled through and I have been stuck on submitted and 'More information needed ' the... Are proud of being a company where our workers are excited to into. Of being a company where our workers are excited to come into the office each.... They did me a loan agreement and financing that you can find on biz2credit.com keep at.... By National Federation of independent business clicking the `` review documents '' button on your dashboard to select and an... Out the PPP loan and non-payroll costs required following signature on your loan..