P3Loans streamlines the application process for small businesses to obtain up to 8 weeks of payroll relief financing to combat the negative economic effects of COVID-19.
Key Points of the Paycheck Protection Program:
-Loans may be fully forgiven if 75% of funds are used for payroll
-Employers must maintain payroll or quickly rehire staff to maintain payroll in order to be eligible for forgiveness
-Any small business can apply
-April 3, 2020 is the first day businesses can apply
-Businesses can easily apply through P3Loans.com for access to numerous lenders or through other approved lenders individually
P3Loans is a service of North Capital Private Securities Corporation , a registered broker-dealer and member of FINRA and SIPC. North Capital is an Agent for Paycheck Protection Program loan origination and is not a direct lender. Upon acceptance of your loan application, North Capital will offer your loan through its network of SBA-approved lenders. North Capital receives a brokerage fee of between .25% and 1.00% from the lender that accepts a loan. There is no fee to borrowers to apply for a loan through the P3LOANS.COM platform.
North Capital is a leading provider of financial marketplace and transaction technology, infrastructure, escrow, and payment services for primary issuances of securities under Reg D, Reg S, Reg A+ and Reg CF. Our transaction technology powers leading funding platforms focused on private capital formation. With 30 employees in five states, we have the domain knowledge, procedures, systems, and experience to facilitate Paycheck Protection Program (P3) loans at scale. North Capital has processed over 68,000 online financing transactions worth over $1.8 billion since 2015.
Company Details
- Founded
- -
- Address
- 623 Fort Union Blvd,
- Industry
- Capital Markets
- NAICS
-
Securities, Commodity Contracts, and Other Financial Investments and Related ActivitiesSecurities and Commodity Contracts Intermediation and BrokerageSecurities BrokerageCommodity Contracts DealingCommodity Contracts Brokerage
- Website
- https://p3loans.com/
- HQ
- Salt Lake City, Utah
P3loans Questions
P3Loans's website is https://p3loans.com/
P3Loans's LinkedIn profile is https://www.linkedin.com/company/p3loans
P3Loans's industry is
Capital Markets
P3Loans's top competitors are
Primary Source Lending, Llc,
Access Comm Funding,
Ercgeeks,
Sunstar Business Funding Llc,
Structure Payments,
Velocity Funding Solutions,
3 R Generations,
Pbfs Commercial,
Capital Connections And Services,
Wirelend.
P3Loans's categories are Capital Markets
P3Loans's founding year is 2020
