The Paycheck Protection Program was created to help small businesses keep their workforces employed throughout the COVID-19 pandemic. When this program launched in April 2020, it was used by hundreds of thousands of small businesses across the country. However, many business owners found it difficult to secure their funding, because their lenders reached their individual PPP funding limits very quickly.
The federal government recently passed an extension of the Paycheck Protection Program, called the “PPP Second Draw”. Like the last time, we expect this program will be inundated by extremely high demand, making it challenging for many businesses to access PPP funds before the additional allocation runs out. That’s why we’ve partnered once again with Womply; to help you get access to your PPP Second Draw funds as quickly and easily as possible.
What does the PPP Second Draw mean for you?
It means even if you received a PPP loan earlier this year, you are eligible to apply for additional stimulus funds at this time.
Here’s what you can do right now.
We recommend starting your PPP loan application process now. Our partner, Womply, can fast-track your application to a number of SBA-certified lenders, giving you the highest probability of getting approved.
Click the button below to fast-track your PPP application today!
Stay Well!
We are all in this together. Now is the time to follow the facts, practice good judgement, and be kind to one another. To stay updated about the spread of COVID-19, we recommend visiting reliable sources such as the Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO). These organizations provide the most updated information related to all major health concerns and frequently share steps to help prevent illness.
We also encourage you to practice social distancing, avoid discretionary travel, and practice healthy habits to help slow the spread of COVID-19. Wash your hands often for at least 20 seconds, avoid touching your eyes, nose, or mouth, and disinfect high-touch surfaces frequently. Most importantly, stay home if you feel ill or are exhibiting any symptoms such as fever, cough, or shortness of breath.
EMS is proud to serve our local communities and assist the heart and lifeline of our nation - small businesses. Please make health a top priority, and know that Electronic Merchant Systems is as dedicated as ever to helping your business during this difficult time.
- Electronic Merchant Systems
Resources
How the Right Merchant Services Products Can Help during COVID-19
Resources to Help Your Small Business through COVID-19
How to Create and Encourage Social Distance in Your Restaurant
Best Tips for Restaurants to Switch to Carry-Out
How to Stay Focused on Customers during Troubled Times
Clean Your Touch Screen Safely with These Five Steps
