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SBA Coronavirus Assistance Program Apply now for the Paycheck Protection Program

Find out if you qualify in minutes. Funds are limited, so act soon.
In 2020, we helped more than 155,000 small businesses get
their PPP funds.

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Funds are limited. Apply before the May 31, 2021 deadline.
Business Loans, Line of Credit and Invoice Factoring from BlueVine

Loans up to $2 million

Interest rates at 1.0%

No payments for 10 months

You could qualify in minutes for
Paycheck Protection Program funds
through BlueVine

First and Second Draws

Apply for a First or Second Draw PPP loan, even if you previously received a PPP loan from a different lender.

Up to 100% forgivable

Full loan forgiveness for eligible expenses; and streamlined forgiveness process for loans <$150,000.

Easy to apply

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

Funds for working capital

Eligible for up to 2.5x your average monthly payroll costs, potentially more for Food and Accommodations businesses.1

About
the program

The SBA Paycheck Protection Program (PPP) is specifically designed to aid eligible small businesses with potentially 100% forgivable loans during the Coronavirus pandemic. The latest government stimulus package commits $284.5B to PPP and allows for First and Second Draws and simplified loan forgiveness.

First Draw
general requirements

  • Small businesses including sole proprietors, independent contractors, eligible self-employed individuals, non-profit organizations, tribal concerns, and others
  • Have 500 or fewer employees
  • In operation on February 15, 2020
  • Additional requirements and terms may apply

Second Draw
general requirements

  • Small businesses, including sole proprietors, independent contractors, eligible self-employed individuals, non-profit organizations, and tribal concerns, housing co-ops, small agricultural co-ops, and others
  • Demonstrate a ≥25% reduction in gross receipts in 2020 compared to 2019
  • Have 300 or fewer employees2
  • Have used (or will use) the full amount of first PPP Loan on eligible expenses prior to applying

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Loan Forgiveness

What you need to know.

Loan Forgiveness for 2020 PPP Borrowers

  • If BlueVine is facilitating your loan forgiveness process, we’ve emailed you with more information about when to expect your application.
  • No action is required until you receive an invitation by email, and you will be invited to apply at least 30 days before any repayments are due.
  • All payments are paused while your lender and the SBA review your forgiveness application.

Loan Forgiveness for 2021 PPP Borrowers

  • We’re not accepting forgiveness applications for 2021 PPP loans at this time.
  • We’ll email you with more information about when to expect your loan forgiveness application closer to the end of your covered period.

Borrowers who had their loans originated through another servicer (not BlueVine) should reach out to the loan servicer and/or bank provider.

Loan Forgiveness

If BlueVine is managing your loan forgiveness process, we’ll email you with more information. Borrowers will have at least 30 days to apply for loan forgiveness before repayments begin. BlueVine is currently inviting 2020 First Draw borrowers to apply for loan forgiveness. If you’ve submitted your forgiveness application, no repayments will be due while the Small Business Administration is reviewing your application.

We’ll contact 2021 PPP borrowers closer to the end of their covered period with more information about how to apply for loan forgiveness.

Frequently asked questions

The SBA Paycheck Protection Program (PPP) is specifically designed to aid eligible small businesses with forgivable loans during the Coronavirus pandemic. The latest government stimulus package commits $284.5B to PPP and allows for second draws and simplified loan forgiveness.

The PPP has been extended through May 31, 2021, however SBA funds are limited. We anticipate that funds will run out prior to the 5/31 deadline, and encourage small businesses to apply as soon as possible.

BlueVine is supporting both First Draw and Second Draw applications. We’re helping as many small businesses as possible apply for PPP, including Second Draw applicants that didn’t have their First Draw with us.

Certain supporting documentation is required to apply for a PPP loan. BlueVine recommends these documents, which have a higher likelihood of going through our automated system. Documents should be read-only. Editable PDFs will not be accepted by BlueVine.

First Draw applicants:

  • Small businesses with employees: Quarterly 941 forms (for all four quarters of your payroll reference period), yearly 940 or 944 form, 1120 form, 1065 K-1 form5 (preferred over 1065 form), 1120-S form, or payroll processor reports with a corresponding letter from the payroll processor
  • Self-employed individuals, sole proprietors, and independent contractors without employees: 2019 or 2020 1040 – Schedule C

For Second Draw applicants:

  • Small businesses with employees: Quarterly 941 forms (for all four quarters of your payroll reference period), yearly 940 or 944 form, 1120 form, 1065 K-1 form5 (preferred over 1065 form), 1120-S form, or payroll processor reports with a corresponding letter from the payroll processor
  • Self-employed individuals, sole proprietors, and independent contractors without employees: Form 1040 – Schedule C
  • If your loan request is over $150K, you will also be required to submit documents at the time of your application that demonstrates at least a 25% reduction in revenue (based on gross receipts) compared to the same time period in 2019, which may include tax forms, quarterly financial statements, or bank statements1
  • Applicable Reference Period for Calculating Payroll

Unless specified, you should submit documents covering the payroll period you want to use in your loan application:

  • Small business applicants generally may use the calendar year 2019, the calendar year 2020, or the one-year period before their loan is made as their preferred payroll period
  • Self-employed individuals, sole proprietors, and independent contractors may use the calendar year 2019 or 2020. They may not use the one-year period before their loan is made
  • Seasonal borrowers may use any 12-week period between February 15, 2019 and February 15, 2020

Additional documentation may be required of all applicants:

  • Basic information about you and your business
  • Details of full-time employees and associated payroll costs
  • Details of all owners with greater than 20% ownership stakes
  • Proof of mortgage interest payments, rent payments, and utility bills
  • Bank statements
  • Small business owners without employees: apply with a social security number
  • Small business owners with employees: apply with an EIN or Tax ID

If you’re a First Draw PPP applicant, eligibility terms are similar to the initial program launched in 2020. U.S. small businesses in operation as of February 15, 2020, with fewer than 500 employees, including these now-eligible business types, can apply:

  • Housing cooperatives with no more than 300 employees
  • Certain broadcast and news organizations
  • “Destination marketing organizations” that generally don’t engage in lobbying and have fewer than 300 employees


If you’re a Second Draw PPP applicant, you must meet the following additional criteria and note that additional conditions may apply:

  • Have 300 or fewer employees3
  • Have used your entire First Draw PPP loan on PPP-eligible expenses
  • Demonstrate a 25% or greater reduction in revenue over a certain period


The following businesses are no longer eligible for a PPP loan:

  • Businesses that receive grants under the SBA’s new Shuttered Venue program
  • Companies traded on a public stock exchange
  • The President of the U.S., Vice President of the U.S., heads of government executive departments, members of Congress, and their spouses

Refer to the SBA’s PPP webpage for complete information on eligibility criteria.

Small businesses that previously received a PPP loan may be eligible for a Second Draw. Generally, for small businesses to qualify for a Second Draw PPP loan, they must have been in operation on February 15, 2020, and:

  • Have fewer than 300 employees2
  • Have used their First Draw on PPP-eligible expenses
  • Demonstrate a 25% or greater reduction in revenue over a certain period
  • Additional conditions may apply, and various documentation is needed.

Yes, you will need to submit a new application and you may be required to provide additional information and documents.

Yes. Existing PPP borrowers are not limited to their original lender.

Yes, the new Paycheck Protection Program round includes loan forgiveness changes, including a simplified forgiveness process for borrowers with loans under $150,000 and expanded forgivable expenses. The SBA has recently released new guidance, and we’re working to translate this guidance into a more efficient and simpler forgiveness application for those that apply. BlueVine is not currently accepting loan forgiveness applications.

Businesses that fall under NAICS Code 72 are eligible for 3.5x average monthly payroll on Second Draw. The only businesses that qualify for this are either:

  • Businesses that reported a business activity code starting with 72 on their most recent income tax filing, or
  • Businesses that left their business activity code blank on their most recent income tax filing. These businesses can use NAICS 72 if (1) that code is the most applicable one to their primary business activity and (2) they can substantiate their industry activity code with alternative documentation like permits or licenses that are unique to their sector and issued by local governments.

If your application didn’t process because of not meeting SBA’s deadline, for example, you’d need to resubmit an application for this new round of PPP.

Yes, under the new round PPP loan terms, EIDL advances will no longer reduce forgiveness amounts. The SBA will issue guidance in the coming weeks for borrowers with an EIDL advance who have already applied for forgiveness.

Loans will be available through May 31, 2021

Funds subject to SBA availability

Apply now