Loans guaranteed by the SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan. We can match you with the right loan for your business needs.
Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Even those with bad credit may qualify for startup funding.
Need help? Need business counseling?
Our advisors can work with you to help you get the best financing for your business needs. The pre-qualification process has been streamlined and efficient, enabling business owners easy access to low rates and long-term loans.
It only takes 5 minutes and won't affect your credit score.
A new round of funding for the Paycheck Protection Program (PPP), administered by the SBA, continues the availability of much-needed financial support for eligible small businesses to help keep employees and stay open safely during the COVID-19 pandemic.
We'll walk you through the Paycheck Protection Program loan application process, with pointers on what you'll need to complete the application.
This educational video explains how to download and use the 1040 Schedule C you are going to file to complete your PPP loan application.
The new round of the Paycheck Protection Program, administered by the SBA, makes continued financial support available to help eligible gig workers, self-employed, and small businesses access the funds they need to continue working safely during the COVID-19 pandemic.
The allowable uses of funds for this program have been expanded to assist small businesses —including sole proprietors, independent contractors, self-employed, and gig workers— in covering even more of their unexpected costs as a result of the pandemic. Whether this is your first or second PPP loan, SmartBiz can help!
Businesses with less than 500 employees that are negatively impacted by the pandemic and are applying for their first PPP loan. Previous PPP loan recipients with business less than 300 employees can also qualify if they have more than a 25% drop in revenue quarter over quarter from the previous year. If you are applying for your second PPP loan, you will need to have used the full amount of funds from your first PPP loan before your second is disbursed.
If you are self-employed, independent contractor, gig worker, or sole proprietor, you are required to have been operational as of February 15, 2020. If you started your business after that date, you will not be eligible for this program.
Eligible businesses can apply for as little as $100 or as much as $2 million. Our streamlined application will even help you calculate the allowable loan amount for your business based on your payroll information.
PPP loans are 100% federally guaranteed and have a low interest rate of 1.00% and a term of 2 years. There is no collateral required and no repayment necessary for the first 10 months.
To apply for a PPP loan, you’ll need to submit your business and personal tax returns, business bank statements, and payroll history report. If you use a payroll reporting service like ADP or Gusto, you can download their PPP reports. Also, you can easily and securely link your payroll provider account directly to your PPP Loan application.
For self-employed, independent contractors, gig workers or sole proprietors, you’ll need to provide Form 1040 Schedule C for either 2019 or 2020, bank account information, and a driver’s license or passport number. If this is your first PPP loan, you can provide a bank statement or invoice/receipt showing business operations as of February 15, 2020.
Eligible PPP loans can be forgivable (meaning you don’t need to pay them back) if proceeds are used as designated by the SBA guidelines. When you’re ready to apply for loan forgiveness, you can apply with the bank that funded your PPP loan application.
Learn how to attract capital and credit even if you’re a startup business or growing company that’s looking for financing for working capital to finance a contract, purchase a business, buy commercial real estate, equipment, or inventory.
Helping finance small business
Business owners take our class and receive the benefits of our team helping them assemble and complete the application process for an SBA or bank term loan. Our team of dedicated professionals then helps them secure low-cost financing from banks in the our network. Now, a business owner doesn’t waste time going from bank to bank completing multiple applications, only to be told “no” to the funds they need. Learn what you need and get matched with the banks in our network most likely to fund your business. About 90% of the small business loan applications we refer to the lenders in our network are approved.
Select your schedule and Register Today!
3303 FM 1960 West, Suite 440, Houston, TX 77068
FinTech Capital Management Office: (855) LOAN-595 or (855) 562-6595 “FinTech Capital Management” & “FC Capital ” d/b/a of Frequency Communications, Inc. Office: (832) 930-8484 Copyright © 2021 FREQUENCY COMMUNICATIONS, INC All Rights Reserved.
Monday - Friday: 9am - 5pm
Saturday: By appointment