The U.S. government has authorized an extension for the PPP until Aug. 8, and we expect the SBA to resume processing applications soon.
We’re continuing to take applications and we’ll notify you by email with any updates to your application status.

SBA Coronavirus Assistance Program Apply for a Paycheck Protection Program Loan

BlueVine can help you get a COVID-19 relief loan quickly. Use
funds to help pay your employees and cover monthly expenses.

Apply now

SBA funds are limited.
Deadline to apply is June 30, 2020

Loans up to $2 million

Interest rates at 1.0%

No payments for 6 months

Get fast relief for your business with
a government-
backed loan

Fully-forgivable loan1

Full loan forgiveness for eligible payroll, mortgage interest, rent, and utility expenses.

No SBA fees

One simple interest rate, no additional SBA fees or need for collateral or personal guarantees.

Easy to apply

Apply online with some basic information and find out if you qualify within minutes.

Reliable working capital

Get up to 2.5x your average monthly payroll costs, with no payments for 6 months.

the program


The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This $350 billion program will provide small businesses with cash-flow assistance through 100 percent federally guaranteed loans. This program can function like a non-taxable grant for your business.


Any small businesses that have been affected by COVID-19 with 500 or fewer employees and were in operation on February 15, 2020. This includes sole proprietorship, independent contractors, eligible self-employed individual, non-profit organizations, and tribal concerns.

What you need to apply

Business information

  • Basic information about you and your business
  • Your average monthly payroll costs
  • Details of full-time employees and associated payroll costs
  • Details of all persons with 20% or greater ownership stakes

Documents required

  • Payroll tax filings such as 941, 940/944, 1120, Schedule C, or payroll processor records
  • Bank statements or bank connection
  • Proof of mortgage interest payments, rent payments, and utility expenses

Frequently Asked Questions

The SBA’s Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This program provides small businesses with cash-flow assistance through 100% federally guaranteed loans.

Any small business that has been affected by COVID-19, has been in operation since February 15, 2020 and has fewer than 500 employees, including sole proprietorship, independent contractors, eligible self-employed individuals, non-profit and veterans organizations, or Tribal concerns.

Yes, you may complete and submit the application with or without the assistance of an outside professional. If you have any questions about applying on our platform, our team is there to answer your questions in that regard. BlueVine is not the ultimate SBA lender, so it does not itself pay agent fees.

Most small businesses can get a loan size up to 2.5x their average monthly payroll costs incurred during 2019. In evaluating a borrower’s eligibility, a lender may consider whether a seasonal borrower was in operation on February 15, 2020 or for an 8-week period between February 15, 2019 and June 30, 2019.

You may use the loan for payroll costs, employee salaries, costs related to the continuation of group healthcare benefits during paid leave (sick, family or medical), insurance premiums, mortgage interest payments, incurred before February 15, 2020, rent under lease agreements in place before February 15, 2020, or utilities for which service began before February 15, 2020.

The amount of loan forgiveness is generally calculated as payroll costs incurred 8 weeks after you accept your loan (excluding compensation over $100,000), as well as payment of mortgage interest, rent, or utilities during that time.

You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan. Per SBA program rules, payroll must be 75% of the forgiven amount and the remaining 25% must be spent on allowable expenses under the PPP Final Rule.

You will also owe money if you do not maintain your staff and payroll.

  • Number of Staff: Your loan forgiveness will be reduced if you decrease your full-time employee headcount.
  • Level of Payroll: Your loan forgiveness will also be reduced if you decrease salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019.
  • Re-Hiring: You have until June 30, 2020 to restore your full-time employment and salary levels for any changes made between February 15, 2020 and April 26, 2020.

Please note, the SBA has limited loan forgiveness for applicants who are self employed. Per SBA rules, if you do not have formal business expenses that you report on your Schedule C, you will be limited to having 75% of your loan forgiven.

  • Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee);
  • Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;
  • State and local taxes assessed on compensation
  • For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.

All payments are deferred for 6 months; however, interest will continue to accrue over this period, unless forgiven.

  • BlueVine provides a fast online application where you can find out if you are qualified in minutes.
  • We have trusted and experienced advisors to help answer your questions and help you with your application.
  • BlueVine has an A+ BBB rating and has funded over $3B in loans to small businesses.

Loans will be available through June 30, 2020

Funds subject to SBA availability

Apply now