Heron Wealth
New York City NYC Financial Planners Wealth Advisors & Investment Advisers
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Answers & Observations

Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.

Not too late to apply for a PPP loan

If you own a business and have not yet applied for a PPP loan, here is some useful information:

Through the SBA’s Paycheck Protection Program, small businesses can apply for PPP loans to help with payroll and other eligible expenses.

Heron’s regular bank only accepted PPP applications for 4 days. We were so busy helping our clients with their applications that we didn't apply in time for our own company.

However, we were able to submit an application through Kabbage.com https://www.kabbage.com/paycheck-protection-program-loans/, which is STILL taking applications. We applied and were approved in one week for a loan convertible to a grant equal to 2 1/2 months payroll.

We subsequently learned from one of our clients that PayPal is also processing applications https://www.loanbuilder.com/ppp-loan-support.

If you think you need a loan for your company, there are still funds available. Call me at 917 705-3893 or email me at DavidEdwards@HeronWealth.com if you need more information.

Best David Edwards

Business Owner, David EdwardsDavid EdwardsDavid Edwards, Small Business Administration, Paycheck Protection ProgramComment