The SBA has announced that beginning tomorrow, Friday, January 15th, it is opening its loan application portal to a defined set of lenders for the Paycheck Protection Program (PPP). This includes the CPA Business Funding Portal’s direct funding provider, Biz2Credit.
Hundreds of firms have already submitted over 4,000 pre-applications using the CPA Business Funding Portal.
This cloud-based solution, developed by CPA.com and Biz2Credit for CPAs, streamlines the creation of PPP applications on a centralized platform and offers clients the ability to receive funding directly through the portal with fintech lender, Biz2Credit.
The SBA loan portal will open at 9am ET tomorrow. We strongly recommend getting started right away with the free basic service option. Upgrade easily within the portal for access to enhanced functionality and agent fee eligibility on Biz2Credit funded loans.
Touch-base with your clients today, notifying them of this update and the benefits they can expect by using the CPA Business Funding Portal and applying for funding through Biz2Credit:
- Faster processing time – by working with a CPA, your clients can expect to receive their loan quicker
- Less required documentation – clients only need to provide necessary documents, further expediating the application process
- Streamlined forgiveness process for 2nd draw PPP loans – with information already captured in the portal, applying for forgiveness will be simplified for you and your clients
Prepare your clients’ PPP applications now.