Liberty SBF is STILL Taking PPP Loans Applications
Thank you for inquiring about the Paycheck Protection Program Loan. We have hired additional staff and are processing our current PPP Loan applications as quickly as possible.
Liberty SBF is striving to help as many small businesses as possible get access to PPP funding before the next round of funding dries up.
PPP Loan snapshot:
- Small businesses can use these loans to finance up to 2.5 months of employee payroll
- Businesses, nonprofits, Tribal businesses, and veteran’s organizations with 500 employees or less can qualify
- Max loan size is equivalent to 250% of average monthly payroll (about 10 weeks of payroll expenses) or $10 million, whichever is less
- Covered expenses: payroll, group health care benefits, salaries and commissions, interest on mortgage loans, rent, utilities, and interest on other debt obligations incurred before February 15, 2020
Liberty SBF is a mission-based lender that provides capital through the Small Business Administration (SBA) loan programs at a low cost to borrowers. Since its inception ten years ago the Company has participated in over $2 Billion in transactions involving SBA programs. The CARES Act PPP Loan Program provides timely funding to small businesses across the country and the program is consistent with Liberty SBF’s core mission and values.
Liberty SBF always encourages borrowers to apply for a PPP Loan at their primary banking institution first. Liberty SBF may act as Lender or Agent for another Lender in the PPP Loan Program as it relates to your application. An application with Liberty SBF is not a guarantee that you will receive a PPP Loan. Liberty SBF makes no representation, warranty or guarantee that any application will be approved or be submitted before funding is no longer available, in any particular order or at all, and any and all such representations, warranties or guarantees are hereby disclaimed.