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SBA Coronavirus Assistance Program Apply 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
including independent contractors get their PPP loans.

Get started
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 PPP loan or Second Draw

Apply for your first PPP loan, or a Second Draw 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 less than $150,000.

Easy to apply

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

Funds for your business

Independent contractors and self-employed businesses without employees are eligible to apply for up to 2.5x average monthly net profit as outlined in 1040 Schedule C1

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 for loans less than $150,000.

What you need to apply *

Self-employed businesses or independent contractors

Example: Gig economy workers or non-employers who bill clients on a per project
or hourly basis.

  • Basic information about you and your business
  • IRS form 1040 Schedule C
  • Bank statements
  • Proof that you were a self-employed business on February 15, 2020*

Unless specified, you should use the calendar year 2019 or 2020 in your loan application and submit documents covering that period.

*We recommend you provide bank statements that show that your business was in operation on February 15, 2020. If you do business as an independent contractor on a gig economy platform (e.g., Lyft, Uber, DoorDash), we recommend that you provide statements from the same bank account that you get paid into from these platforms.

Small businesses with employees

  • 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
  • Quarterly 941 forms (for all four quarters of your payroll reference period), yearly 940 or 944 form, 1120 form, 1065 form, 1120-S form, or payroll processor reports with a corresponding letter from the payroll processor

For Second Draw applicants only

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 relevant 2019 or 2020 period, which may include tax forms, quarterly financial statements, or bank statements2

*For a full list of eligibility requirements, visit our help center.

Tips for a smoother application process

  • Your business address should be the address where your business is registered, which could be your personal address if you do not have a separate business address. It is not the address of a gig economy platform.
  • Your bank statements should match your name or your business’s name, whichever you are using to fill out the “Tell Us About Your Business” portion of the application.
  • The Schedule C you submit should be from the same year that you are calculating your eligibility. Example: If you are using 2019 numbers, submit a 2019 Schedule C.
  • If you aren’t already a BlueVine customer, we recommend applying with an email address you own that has been in existence for several years (even if it is a personal email address). Newly created email addresses may make it more difficult to verify your identity.

BlueVine supports small businesses

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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.

SBA funds are limited. Deadline to apply is May 31, 2021

Funds subject to SBA availability

Apply now