Alyssa Powell/Business Insider
Fintech company Kabbage has partnered with a bank that is an SBA-approved lender to provide automatic Paycheck Protection Program (PPP) loans to small businesses.
You don’t have to be an existing Kabbage customer to apply, which makes Kabbage a resource if you’re struggling to be approved for a PPP loan by your bank.
Even though small businesses can receive PPP loans of up to $10 million, Kabbage is only processing loans of up to $2 million.
When you apply online, Kabbage will tell you whether your business is eligible for a PPP loan and how much you can receive.
Click here to apply for federal relief through the Paycheck Protection Program »
Kabbage is a financial technology company that provides small businesses and consumers with automatic loans. The company has shifted its focus to Personal Paycheck Protection (PPP) loans to help small businesses that are struggling amid the coronavirus outbreak.
July 2, 2020 update: Previously, the deadline to apply for a PPP loan was at 11:59 p.m. ET on June 30. On July 1, the House of Representatives passed a bill to extend the deadline to August 8. The extension will become official if President Trump signs the bill.See the rest of the story at Business Insider
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