Reinvestment Fund is an authorized SBA 7(a) lender and is participating in the Paycheck Protection Program. The Paycheck Protection Program (PPP), authorized under the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, provides small businesses with funds to pay payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Reinvestment Fund is no longer taking applications to our PPP program.
If you’ve received a PPP loan through our program, we are pleased that we could connect you with helpful resources in this difficult time. Information on this page will help us work together to support your business and prepare you for the loan forgiveness process.
Preparing for PPP Loan Forgiveness
We expect the Small Business Administration (SBA), the federal agency which sets the rules of the program, to continue to release details in the coming weeks on the forgiveness process and we will share any information as we receive them.
The SBA released the loan forgiveness application form and instructions for the form on June 16, 2020. The SBA also released an EZ version of the form and instructions for the form that include eligibility criteria for borrowers to use the EZ option. Based on these new instructions, Reinvestment Fund will update our FAQ section below. It is important that you follow instructions carefully so that your loan balance may be forgiven. To help further, we are sharing this “how to” guide (updated 6-24-20) prepared by FMA.
Meanwhile, please check this page frequently as we will continue to update information as it is received. We will also host webinars in the coming weeks to answer questions and share details on the forgiveness instructions. You can access a recording of our past webinars as follows:
- June 24 webinar: https://bit.ly/2N8dvfU
- May 15 webinar : bit.ly/PPPLendingWebinar515
Frequently Asked Questions (FAQ)
Our FAQs are currently available in a searchable platform. Click here to find the FAQs.
We are also keeping our PPPHelp@reinvestment.com email address open. If you have questions, please send us a message, and our staff will get right back to you.