Small Business Paycheck Protection Program
Kinecta is once again participating in the Paycheck Protection Program (PPP). Funds became available to Kinecta on Tuesday, January 19th and our application portal is now open.
The newest round of stimulus funding, the Economic Aid Act (EAA), allocated $284 billion to the Small Business Administration's Payroll Protection Program. The EAA expands eligible expenditures and simplified the forgiveness process for loans of $150,000 or less.
Eligibility now includes:
- Property damage from 2020 civil unrest
- Worker protection including drive-up and outdoor dining solutions
- Group life, disability, vision and dental insurance
We offer both first and second draw loans. These loans are meant to help small business cover payroll, mortgage interest, rent, utilities and more.
Interested? Click here for details or to apply.
*Membership requirements apply. Loans are subject to approval based on program guidelines as well as terms and conditions which are subject to change.