Along with Paypal, other lending platforms, such as OnDeck and Square Capital, have been approved to provide PPP loans to small businesses. Kabbage, Fundera, and Lendio are expected to be approved in the next several weeks.
The Paycheck Protection Program recently received more funding, with $310 billion added to the program. There are also other options, like the Main Street Loan Program, that allow larger businesses to borrow money if they incur between $1 million – $150 million in debt.
At TGG, we are dedicated to helping our clients and small businesses to adjust, understand, and better position themselves among the changing economic times. Head to our COVID-19 Resource Center to get clarity on the current programs implemented to keep businesses afloat.