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Home » SBA Loans – Paycheck Protection Program (PPP) for Event Professionals

SBA Loans – Paycheck Protection Program (PPP) for Event Professionals

by Angel Morales
mic on stage at event

NextGen Business Lending works with thousands of event professionals. We hear stories every day from our customers and community about the devastating impact COVID-19 is having on their business. With live events shut down, many of the companies we work with are experiencing a complete loss of income.

So with the recent re-authorization of the Paycheck Protection Program, we have set out to ensure our community of event professionals is aware that these funds are available to them. We know many companies are working extra hard to stay above water without accepting outside help. But without a doubt, the events and hospitality industry was among the worst impacted by COVID-19 and subsequent lockdowns. The PPP was designed to help you keep your business operating until live events are safe again, and it may be worth exploring further.

This new bill allows eligible businesses to qualify for a PPP loan if you experienced a 25% decline in sales in any quarter last year (who hasn’t?), and the rules make it even easier to get complete forgiveness. If you are not familiar with the SBA Loans. SBA loans are small business administration loans. These are quick loans, which offer various loan plans intending to meet a broad array of business organizations’ financial needs. These loans come with a guarantee from the government. The SBA is still finalizing the requirements so lenders are not yet issuing new loans, but you are encouraged to apply now to “get in line” before the money runs out. Even sole proprietors, DBA’s, and 1099 contractors can qualify. We can help walk you thru the SBA Loan process and answer any questions you might have. Submit your details using our Simple App and we will get the conversation started.

We have a network of consultants that have helped more than 4,000 small businesses gain access to over $500 million of relief. NextGen Business Lending will not charge you any fees to apply.

Apply now and see how much you qualify.

Our PPP experts will help make it a stress-free process. If you already applied with another lender, you do not have to withdraw that application. Everyone should best position themselves to receive this loan, and there is no downside to applying through multiple lenders.

The terms of the PPP loan feature a 1% interest rate, a 5-year term, no fees, and no personal guarantee or collateral. Best of all, loan forgiveness is now easier. We encourage you to fill out this secure form for all the details and to see if you meet the qualifications:

We hope you find this information helpful and look forward to the return of live events.

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