![]() If you borrowed in 2021, Chase will contact you via email when forgiveness applications are available. ChaseĬhase is currently accepting forgiveness requests for 2020 PPP loans. Check the PPP Dashboard of your online application portal to access your loan forgiveness application.Ĭapital One plans to begin accepting 3508S, 3508EZ, and 3508 loan forgiveness applications for Second Draw PPP loans in June 2021. Capital OneĬapital One is currently accepting 3508S, 3508EZ, and 3508 loan forgiveness applications for First Draw PPP loans. If you’ve submitted your forgiveness application, no repayments are due while the Small Business Administration is reviewing your application.īlueVine will contact 2021 PPP borrowers closer to the end of their covered period with more information on how to apply for loan forgiveness. BlueVine is currently inviting 2020 First Draw borrowers to apply for loan forgiveness. Once contacted, borrowers will have at least 30 days to apply for loan forgiveness before repayments begin. If BlueVine is managing your loan forgiveness process, they’ll contact you via email with more information. Note: These lenders are listed as a reference and do not necessarily mean an endorsement by Bench. Here is a list of our partners who offer products that we have affiliate links for.Lenders accepting PPP forgiveness applications While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. ![]() The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. ![]() The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. If you currently have a PayPal Working Capital loan, you must finish paying it off before you can apply for another loan. To qualify for PayPal Working Capital, you must have at least $15,000 in annual PayPal sales with a regular PayPal Business account or $20,000 in annual PayPal sales with a PayPal Premier account. This may make it easier to qualify for a PayPal Working Capital loan compared to other business loans. While many lenders require that your business has at least six months of history to qualify for a business loan, PayPal only requires that you’ve had a PayPal Business or Premier account open for at least 90 days. There is no personal credit score minimum necessary to qualify. While most business loans will check your personal credit score, PayPal Working Capital does not run a credit check. Meeting the requirements below won’t guarantee approval, but they can help you decide if a business loan is the right fit for you. All lenders have their own unique underwriting requirements, but these typically include information from an applicant’s credit profile and other factors that demonstrate the ability to repay the loan, such as business revenue. Business loan applications are approved or declined based on a number of factors.
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