Qualifying for PPP
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  1. #1
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    Qualifying for PPP

    SO i have tried to get the PPP using the NAICS for MCA and merchant processing. I have been denied by two different banks, ineligible industry.

    Anyone get the PPP doing it a different way?

    Thanks for any input.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
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    I did, but I am a merchant though.

  3. #3
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    Quote Originally Posted by Winning View Post
    I did, but I am a merchant though.
    I appreciate the perspective that you bring to this forum. How did you find us? What drove you to join?

  4. #4
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    Quote Originally Posted by skideeppow View Post
    SO i have tried to get the PPP using the NAICS for MCA and merchant processing. I have been denied by two different banks, ineligible industry.

    Anyone get the PPP doing it a different way?

    Thanks for any input.
    Self -Employed - Business Consultant - unless you are a Direct Funder, from my understanding that would make you ineligible.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
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    Quote Originally Posted by skideeppow View Post
    SO i have tried to get the PPP using the NAICS for MCA and merchant processing. I have been denied by two different banks, ineligible industry.

    Anyone get the PPP doing it a different way?

    Thanks for any input.
    We are a credit card processing company and received our PPP loan, I know several CC processing companies that received it. As Dave mentioned unless you are identifying yourself as a lender or tied to lending, then there shouldn't be an issue.

  6. #6
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    Quote Originally Posted by jared View Post
    I appreciate the perspective that you bring to this forum. How did you find us? What drove you to join?
    After my credit card provider pitched me my first pre approved cash advance via a partnership they had with Bizfi and funded via Principis. I started to vet all the various thing the agent was telling me.. Unsecured, Fast, no additional underwriting needed, can be deposited next day, and various other things that sounded to good to be true, etc..... Certain key words the agent was using I googled them and in turn found this site.

    The rest is history as they say...

    How can one win if they don't understand the game they are playing.

  7. #7
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    yeah still getting declined. going to try paypal
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  8. #8
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    I was able to get a PPP through Kabbage. But I am and an independent contractor that is commission only and I work from home in Florida for a shop in California

  9. #9
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    Quote Originally Posted by Jonathon View Post
    I was able to get a PPP through Kabbage. But I am and an independent contractor that is commission only and I work from home in Florida for a shop in California
    yeah i applied through paypal, own my own shop, whats left of it.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  10. #10
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    Quote Originally Posted by Jonathon View Post
    I was able to get a PPP through Kabbage. But I am and an independent contractor that is commission only and I work from home in Florida for a shop in California
    Apply as self-employed (1099 Contractor) - the shop in California is not relevant.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  11. #11
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    I already got funded last week

  12. #12
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    We got 150k 3.75% over 30 years through EIDL
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

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