Business Services

Small Business Paycheck Protection Program

As part of the CARES Act, the Paycheck Protection Program (PPP) provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on business mortgages, rent, and utilities. Click here for the SBA’s program overview.

    On April 23rd, Congress passed an additional relief package that includes over $300 billion in additional funding for the Small Business Administration's Paycheck Protection Program (PPP).  The SBA portal opened at 7:30am PST on Monday, 4/27.  We will continue to underwrite applications as they are received, and submit approved files until funds are depleted.

    If you have already applied with Kinecta for the Paycheck Protection Program, no additional action is necessary. You remain in the same position in our queue and we will continue processing and funding applications in the order received.  

    In anticipation of this latest round of SBA funding, Kinecta continued underwriting applications even after the initial round of funding closed.  Regrettably, we cannot guarantee that every loan request can be fulfilled before this latest round of funding closes. Our teams are working 7-days a week and are committed to helping as many community members as possible.

    For New Applications:

    Please click this link to complete our new digital Paycheck Protection Program experience: SBA Paycheck Protection Program Application*.  

    Please make sure to include the following documentation with your submission:

    1. PPP Application – Most recent version as of 04/10/2020 above
    2. EDD Wages Report and/or Payroll Summary for period 01/01/2019 through 12/31/2019
    3. Note: If the applicant prepares the payroll summary on their own (without a payroll processor), the payroll amount will need to be corroborated with bank records.
    4. Payroll Summary for Q1 2020 to validate the applicant was operational 02/15/2020

    Applicants will be required to provide Average Monthly Payroll as described below (as found in the application):

    "For purposes of calculating 'Average Monthly Payroll', most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For seasonal businesses, the Applicant may elect to instead use average monthly payroll for the time period between February 15, 2019 and June 30, 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly payroll may be calculated using the time period from January 1, 2020 to February 29, 2020, excluding costs over $100,000 on an annualized basis for each employee." (Source: Borrower Paycheck Protection Program Application)


    Business membership is required for Kinecta to assist with SBA Paycheck Protection Program applications. If you are not yet a Kinecta business member and wish to become one, please visit our Business Membership page.


    *Membership requirements may apply. Terms and qualifications are subject to change.