PPP LOANS AVAILABLE!
PAYCHECK PROTECTION PROGRAM
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. First Draw PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.
You can apply for a First or Second Draw PPP Loan until May 31, 2021. SBA is currently accepting First and Second Draw PPP loan applications from participating lenders including Entrepreneur Works.
We have entered into a partnership with Customers Bank and SmartBiz. Your loan would be with Customers Bank. Customers Bank has contracted with SmartBiz to process your loan. You can apply directly to them through our SmartBiz landing page.
If you have questions or need additional information, please contact Entrepreneur Works at loans@entre-works.org.
For assistance preparing to apply, visit The Enterprise Center, and PIDC for information on required documents and to register for virtual application walkthrough workshops.
WELLS FARGO Announces $8.35 Million in New Relief Aid
Entrepreneur Works is among the 5 local Community Development Financial Institutions selected by Wells Fargo to receive grants from its Open for Business Fund (OFB), a nationwide small business recovery effort.
The $8.35 million in new funding to these organizations will help underserved small businesses stay open, preserve jobs through short- and long-term COVID-19 resiliency efforts, and support businesses impacted by the civil unrest that took place last summer.
This new loan product, called the “Rebound Loan”, will provide low cost, flexible capital, forgivable up tp 50%, to small businesses for costs associated with reopening and rebuilding, and to refinance high interest debt incurred because of COVID-19.
To learn more about how Entrepreneur Works will help the small businesses in our community rebound CLICK HERE.