After your registration, you will receive a follow up email within 24 hours explaining the next steps you will need to take.
We encourage you to register to begin the process if you fall within the guidelines listed above. Your request will be reviewed by a loan consultant prior to final submission.
Any small businesses, including sole proprietorships, private nonprofit organizations, self-employed workers and independent contractors (1099), and 501(c)(19) organizations/veteran organizations affected by COVID-19 are eligible to apply as long as there are 300 employees or less.
As with the first round of PPP loans, most eligible employers will be able to apply for loans up to 2.5x their average monthly payroll costs. However, in this round, the maximum amount receivable for second-draw loans is less than that of the first round at 2 million dollars.
If you are a former PPP borrower from the first round with less than 300 employees and are able to provide adequate evidence you experienced at least a 25% loss in gross revenue during any quarter in 2020 compared to that respective quarter in 2019, you may apply for a second PPP loan.
You can be eligible for a second PPP loan even if your first loan has not been forgiven yet.
Our online portal makes loan applications and the forgiveness process easier and more efficient while keeping you informed 24/7.
We have an amazing team of dedicated staff standing by in case you have any questions or need assistance. We also work with highly trained experts to review your applications for origination and forgiveness.
HUB previously assisted over 200 business owners with $11 million in PPP funds in Spring 2020 through our strategic partnerships. We learned how to make this process more efficient, allowing you to take care of loan origination and servicing all in one place with our help. By having access to everything in a singular place, there is less of a chance for errors and miscommunications.
If you are looking for full-spectrum funding solutions tailored to your business, give us a call. We are here to help.
Aside from PPP loans, we can also help with the following business options:
Accounts Receivable Finance
Business Debt Finance
5001 West Loop 289, Suite 239
Lubbock, TX 79414
Phone: (806) 777-2902