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Hi Travel Junkies,
Many of you have seen posts in our insiders facebook group about the Paycheck Protection Program and the many issues that business owners are having in getting their funding. 10xT being one of them.
Many financial institutions have stopped taking applications but today we are happy to introduce you to one that has not. Kabbage.
If you are a business owner who has not received your PPP loan yet I would strongly encourage you to apply. I did on behalf of 10xT a couple of days ago and the process was incredibly seamless.
See below for a message from Kabbage.
We remain committed to ensuring you have access to the resources you need to get through these unprecedented times. With that in mind, we’re excited to announce that the Paycheck Protection Program (PPP) under the CARES Act is accepting applications.
We’ve partnered with Kabbage to connect you with these loans to help you cover payroll, rent, utilities and other eligible debt obligations. Click here to apply.
The program is accepting applications through June 30, 2020, with loans available for 2.5 times your average monthly payroll for 2019, up to $2 million. There’s no collateral or personal guarantee. Up to 100% of the loan can be forgiven, with the remainder treated as a two-year loan with a low fixed interest rate.
Apply online in just a few steps:
1) Submit information about you, additional owners and your business, including payroll filings and
certifications necessary for eligibility
2) Review the amount your business is eligible for
3) Verify your business information and identity
4) Take the loan when you’re approved
Link here: https://10xtravel.com/recommends/kabbage/