Paycheck Protection Program: Apply Now

SUBMIT YOUR APPLICATION TODAY!

Get your business on the road to recovery team and submit your application today. But don’t delay. The SBA is processing applications more slowly this round. And although funds are not expected to run out, starting your application now will give the SBA time to process and approve your application sooner. 

Complete Application Online
 

TIPS FOR APPLYING:
  • The application can be accessed from recent versions of Chrome, Firefox, Safari, and Microsoft Edge.  Internet Explorer is not supported. 

  • If you are an existing borrower submitting a Second Draw loan application, please be aware that you may need to use a different email than you have used previously for your original loan or forgiveness application in order to create a unique username. Depending on your email provider, you may be able to create an alias that is variation of your usual email address and uses the same inbox. We recommend that you confirm that you can receive email before using this strategy.  

  • Borrowers will need to upload documentation to support the loan request. However, if you are a second draw borrower requesting the same amount as you previously received, the documentation can be very minimal and include a copy of anything you have previously provided.  

  • If you have not borrowed from Envision in the past, we will need 12 months of payroll and evidence that you were in operation on Feb 15, 2020.

Please be patient if you run into delays as the high volume of applications and the need to make changes based on updates from the SBA are creating occasional technical difficulties.
 

 

RELY ON US TO GUIDE YOU EVERY STEP OF THE WAY

We received accolades from our previous PPP customers for keeping them informed of the process, efficient loan processing and for simply being knowledgeable about the program and its requirements. And we commit to do the same this time to ensure your application gets the attention it deserves. We are here to answer any questions you may have, every step of the way. 
 

EXISTING BORROWERS: NEW ELIGIBILITY AND REQUIRED DOCUMENTATION

Please make note of the following information in preparation for your application:

  • Borrowers may apply for a second PPP loan (known as a second draw loan) if they meet the following requirements:

    • Demonstrate at least a 25% reduction in gross receipts calculated based upon first, second, third, or fourth quarters of 2020 as compared to the corresponding quarter in 2019.

    • Employ not more than 300 employees (500 employees for restaurants and hotels).

    • Have used or will use the full amount of their original PPP loan for eligible purposes.

  • Borrowers will be able to use full-year tax returns to demonstrate the 25% reduction in gross revenue or gross receipts if that is easier. Other possible documents would include bank statements for the chosen quarter, both 2019 and 2020, with an accompanying calculation.

  • Borrowers whose loans exceed $150,000 will need to provide evidence of reduced gross revenue at application. Borrowers whose loans are equal to or less than $150,000 must provide their documentation prior to requesting forgiveness, or at the SBA’s request.

  • The loan amount continues to be 2.5 times the average monthly payroll, and businesses can use their already provided 2019 figures to simplify documentation. Business in the accommodations industry (with a NAICS code starting with 72) are allowed to borrow 3.5x their average monthly payroll.

     

NEW BORROWERS FOR A FIRST DRAW LOAN: ELIGIBILITY AND REQUIRED DOCUMENTATION

Eligibility for the program is substantially similar to the previous wave of the PPP.

  • The amount of the loan continues to be 2.5 months’ worth of payroll. 

  • Employ not more than 500 employees.

  • Certain types of businesses are excluded, including publicly traded companies, businesses primarily engaged in political or lobbying activities, and China-affiliated businesses.

  • New business types are eligible including 501(c)6 organizations.

  • Businesses need to provide:

    • Evidence that they were in business on February 15, 2020.

    • Documentation for average monthly payroll in 2019 or 2020 (to calculate the amount of the loan).

  • Loans can be forgiven by the SBA if the funds are spent on eligible expenses. At least 60% of the loan proceeds must be spent on payroll to be eligible for forgiveness. New expenses are eligible, including operational costs for business software or cloud computing, and Personal Protective Equipment and cleaning supplies.
     

WE CARE.

We’re dedicated to small business owners: the backbone of our nation. It is our privilege to partner with the Small Business Administration to guard the paychecks of those who are vital to the well-being of our communities. Please refer to these FAQs or visit SBA.gov and treasury.gov for further PPP information.

 
QUESTIONS? CONTACT US:
 

The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury. The Program is scheduled to end on March 31, or when funds are exhausted, whichever occurs first.