When in doubt, start your application at /ppp There is no credit check for either the individual or business.
#WOMPLY PPP FASTLANE SIGN IN FREE#
It’s free to apply for PPP with PPP Fast Lane and Benworth. “We’re excited to put our technology to work for Benworth so that together we help as many under-served small businesses as possible.” “We’ve deployed our data platform to build PPP Fast lane and help with eligibility, qualification, verification, and fraud detection,” said Womply CEO and co-founder, Toby Scammell. We are excited to partner with Womply to streamline the PPP application process, especially for our Spanish speaking customers.” “The traditional lending community has too-frequently neglected the businesses and individuals who need help most. “Benworth is dedicated to supporting under-served businesses and individuals and as we fund PPP loans, we want to make sure we’re getting borrowers the money they need as quickly as possible,” said Bernie Navarro, President of Benworth. Womply also provides real time multi-lingual support for applicants, and is expected to launch a Spanish language version of PPP Fast Lane soon. Benworth Capital’s SBA Ayuda program has long supported the Hispanic community and Womply has published translations of PPP documents into multiple languages to help Spanish and other non-English speaking communities access the PPP program. This partnership is focused on eliminating any additional barriers to the program facing businesses and individuals in the Spanish speaking community. The SBA has responded to these criticisms with efforts to improve access. Immediately after completing PPP Fast Lane, applicants will be matched with their SBA approved lender.ĭuring the first round of the PPP, minority-owned businesses were far more likely to wait to receive funds, and less likely to receive them at all. Borrowers don’t need a registered business entity, business license, official place of business, business bank account, accountant, lawyer, or business banker to apply for PPP. PPP Fast Lane includes multiple layers of fraud prevention and identity verification, which is essential to serving PPP loans at scale in accordance with government rules. 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: 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 the under-served eligible businesses (and workers) that have so far had difficulty accessing the Paycheck Protection Program.
Benworth 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. REMOTE – Ma– Womply, the local commerce platform that provides apps, APIs, marketing, and financial tools to make local commerce happen, today announced an integrated partnership with Benworth Capital, a minority owned, and mission driven lender focusing on low-and-middle income minority borrowers.
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