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The Paycheck Protection Program (PPP) is a forgivable loan program funded by the government to support small businesses effected by COVID-19. Ascendus is now accepting PPP applications in 14 states: FL, GA, SC, NC, VA, MD, DE, PA, NJ, NY, CT, RI, MA, NH.
Already an Ascendus PPP client? Check your email for your personal application link. If you can’t find your application link, email us at [email protected]. Your personal application link connects your documentation submitted for your first draw to your new application making the process easier.
Are you new to Ascendus with a business located in FL, GA, SC, NC, VA, MD, DE, PA, NJ, NY, CT, RI, MA, NH?
If your business is located outside of these states; we recommend you apply with our partner BetterFin. You can make an appointment with one of their representatives online.
Starting Wednesday, February 24th the Biden Administration made changes to the Paycheck Protection Program (PPP) to make the process fairer and easier for minority-owned and very small businesses. If you have not yet applied, now may be the time.
What do the new rules mean for you?
“While the Paycheck Protection Program has delivered urgent relief to many businesses across the country, the initial round of PPP last year left too many minority-owned and mom and pop businesses out while larger, well-connected businesses got funds quickly,” a Biden administration official told reporters on Sunday.
Paycheck Protection Program FAQs
If you’ve already drawn down on a PPP loan, this is considered your second draw. See parameters for your second draw:
If you don’t qualify for a second PPP draw, you may qualify for one of our other programs. You can also check out our free online business resources or sign up for our monthly business newsletter below.
It’s great that our business can be a platform for people to be supportive and connect with each other.
The experience of working with Ascendus was awesome, particularly the excitement they showed in my progress and in my business.