B2E Solutions, in partnership with Adesso Capital, is proud to offer PPP application assistance. 

SBA UPDATE:
Biden Administration to prioritize businesses with fewer than 20 employees, independent contractors, sole proprietors and self-employed person for 14 days. Exclusive window ends March 10. All others are still encouraged to apply. 

Know where to go for the 

Paycheck Protection Program
(PPP) application process.

The Paycheck Protection Program is offering low-interest loans that may be fully forgiven if allocated properly. Both first-time borrowers and those who previously received a PPP loan are eligible to apply under recently approved funding. Program Funds are limited. You may begin your application today. 

See below for more details.
Apply Now

The Paycheck Protection Program

Provides loans which will be forgiven (need not pay back) if funds are used for eligible expenses.
Forgiven loans are not taxed.
All fees are paid for by the Federal Government via the SBA.
No Credit Check. No collateral or personal guarantees are required.

Download our PPP Application Guide!
We walk you through the entire application step by step!

Download the How to Apply Guide

Who is Eligible?

Business must have been operating before February 15th, 2020
Any small business concern that meets SBA’s size limits below, including corporations and Partnerships.
Sole Proprietors
Independent Contractors (1099)
Self-employed Persons
501(c)(3) non-profit organization
501(c)(19) veterans organization
Tribal business concerns
Size Limitations:
First PPP Loan
Most Businesses:
500 Employees
Restaurants and Lodging
NAICS* Code begins with 72
500 Employees per location
Second PPP Loan
Most Businesses:
300 Employees
Restaurants and Lodging
NAICS* Code begins with 72
300 Employees per location

How much can I borrow?

Businesses with Employees

Most businesses are eligible for up to 2.5x their average monthly payroll cost in 2019.
Restaurants and Lodging are eligible for up to 3.5x.
Payroll Costs include:
Wages, tips, insurance benefits, retirement contributions, state & local taxes, including unemployment insurance.

Maximum Loan Amount
First PPP Loan is $10M
Second PPP Draw is $2M
*First Draw plus Second Draw can not exceed $10M

Businesses without Employees

Businesses without Employees are eligible for up to 2.5x their average monthly 2019 Net-Profit.
- Net-Profit is as reported on your 2019 IRS Form 1040
Schedule C - Line 31
- Maximum PPP Loan Amount = $20,833.

How do I get my PPP Loan Forgiven?

Businesses with Employees – Borrower demonstrates:
Spends 60% of the funds spent on payroll, inclusive of Benefits and Taxes
The balance can be spent on Rent or Mortgage Interest, Utilities, Personal Protection Equipment, and Supplies.
Businesses without Employees – Borrower demonstrates:
Spends fund on Payroll, Rent or Mortgage Interest, Utilities, Personal Protection Equipment, and Supplies, during the covered period.
The borrower could also claim the automatic owner compensation replacement, equal to 2.5 months of 2019 or 2020 net profit. This is an amount comparable to the allowable loan amount.
Forgiveness Process & Timing
 Online application
You can apply for forgiveness any time after the funds are spent, up to the point that the loan matures.
We recommend that you apply for forgiveness before loan payments are due to otherwise begin (~15 months after disbursement)

For questions or concerns about your PPP application

Adesso Capital is offering support for business owners that are having trouble navigating the PPP application process. We understand the complexity of the application process. A Lending Specialist will respond back as soon as possible. 

1-888-600-7380Email
Adesso Capital is a Business Loan Broker who helps customers find an SBA-certified Lender participating in the Paycheck Protection Program (PPP). Borrowers will apply directly with the SBA-certified Lenders, who will issue and manage the PPP loan.
Program funds are limited. Adesso does not guarantee that applications will be processed and submitted before Program funds are no longer available. There is no cost to you to apply for a PPP loan. Program information can change according to government policy.
Apply Now
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