Business owners nationwide can now register for loans under the second round of the Small Business Administration’s Paycheck Protection Program (PPP) through Eastern Union, one of the country’s largest commercial real estate finance firms.
During PPP’s first round in the spring, Eastern Union brokered more than 10,000 loan applications and the allocated funds for PPP were depleted in just a few days. Many financial institutions were unable to keep up with the volume, resulting in their applicants losing out. Eastern has partnered with one of the top 3 PPP lenders in the country, who has the technology and resources to process a high volume of loans.
Eastrn Union will again assist borrowers at no cost, which is always restricted as per SBA guidelines.
“The sooner a PPP loan application is submitted, the better its odds of getting funded,” said Ira Zlotowitz, founder and president of Eastern Union. “Building upon our formidable record of success in brokering PPP loans, we urge business owners to act quickly to get their loan applications into the system.
“Tapping into our multi-billion-dollar network of banking resources,” he said, “Eastern Union has the proven expertise to cut through government red tape and promptly execute loan approvals.”
Individual businesses can register now through Eastern Union by clicking here
We call upon employers to act now to queue themselves up for round 2 of PPP assistance,” said Mr. Zlotowitz.
The Paycheck Protection Program provides loans designed to provide a direct incentive for small businesses to keep their workers on the payroll while covering operating expenses. SBA will forgive loans as long as the predefined conditions are met.