CARES (Coronavirus Aid, Relief, and Economic Security) Act:

In consultation with the U.S. Treasury Department, the SBA has reopened the Paycheck Protection Program (PPP) for First & Second Draw of PPP Loans. The program is currently opened to a number of lenders but will be opened to all lenders on January 19, 2021.

At least $25 billion has been set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods.

Who may qualify?

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses

  • Has no more than 300 employees; and

  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020

 

How to apply?

To ensure that small businesses and people of color are able to take part in this program, Blue Dolphin Capital is working directly with our Lender Partner to ensure that your application is submitted properly and meets the SBA requirements.

Please complete the Contact Form listed below and click the 'submit" button. Once completed, you will be directed a secure link to start your application. Click on the red link to be directed to the lenders online portal to complete your application.  

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Clarification on Reopening the Application Period for Certain Applicants Under the Higher Education Emergency Relief Fund (HEERF), Sections 18004(a)(1), 18004(a)(2), and 18004(a)(3); Coronavirus Aid, Relief, and Economic Security (CARES) Act

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Florida Licensed Mortgage Brokerage| NMLS # 1787779   

Licensed in: FL, CO, PA, AL

No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines by the lenders we work with, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. For more information please review our Terms and Use, or call to speak with one of our license mortgage concierges.