PPP Fast Lane is a simple, web-based data collection process aiming to simplify the PPP process by removing friction that only applies to larger businesses. Have a trusted advisor or banker who can help them understand the rules and apply.Womply data also shows that as businesses get smaller they are less likely to: Read More: Over 3,500 New Cryptocurrencies Emerged in the Last 12 Months Amid Bullish 2020 These eligible borrowers, which include micro businesses, gig-workers, independent contractors, among others, are frequently found in low-and-middle income and minority communities, making program access all the more important. PPP Fast Lane was built to service under-served eligible businesses (and workers) that have so far had difficulty accessing the Paycheck Protection Program. “DreamSpring is dedicated to accelerating access to much-needed capital for small business owners and to amplifying economic inclusion in everything we do” DreamSpring joins Womply’s PPP Fast Lane program, which enables the smallest businesses to access vital Paycheck Protection Program (PPP) funding with as little friction as possible, while helping borrowers remain compliant and minimizing program fraud. Womply, the local commerce platform that provides apps, APIs, marketing, and financial tools to more than 500,000 small businesses, announced an integrated partnership with DreamSpring, a nonprofit lender serving entrepreneurs and small businesses.
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