Heron Wealth

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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