{"id":5116,"date":"2022-06-23T13:38:00","date_gmt":"2022-06-23T17:38:00","guid":{"rendered":"https:\/\/www.mcashadvance.com\/?page_id=5116"},"modified":"2025-05-21T10:52:59","modified_gmt":"2025-05-21T14:52:59","slug":"ppp-loan-alternatives","status":"publish","type":"page","link":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/","title":{"rendered":"PPP Loan Alternatives"},"content":{"rendered":"<div class=\"gb-container gb-container-de432227\">\n<div class=\"gb-container gb-container-c6d073cd\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-dfb60d8b\">\n<div class=\"gb-grid-column gb-grid-column-a5081cc0\"><div class=\"gb-container gb-container-a5081cc0\">\n<h1 class=\"wp-block-heading has-base-3-color has-text-color\" id=\"ppp-loan-alternatives\">PPP Loan Alternatives<\/h1>\n\n\n<p><strong>PPP loans are no longer available<\/strong>, but private funders offer great business&nbsp;<strong>financing alternatives<\/strong>.<\/p>\n\n\n\n<p>Use our loan eligibility checker to check if your business is eligible for a&nbsp;<strong>commercial alternative to PPP loans<\/strong>.<\/p>\n\n\n\n<p>It takes&nbsp;<strong>one minute<\/strong>&nbsp;to complete and if approved you can get up to&nbsp;<strong>$900,000<\/strong>&nbsp;in as little as <strong>24 hours<\/strong>.<\/p>\n\n\n<div class=\"gb-container gb-container-a9f05d0f\">\n\n<a class=\"gb-button gb-button-bde0ec2b gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-48dddd6a\"><div class=\"gb-container gb-container-48dddd6a\">\n\n<figure class=\"gb-block-image gb-block-image-b90010dc\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"630\" class=\"gb-image gb-image-b90010dc\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg\" alt=\"Business owner and employee hold sign reading &quot;PPP loan alternative.&quot;\" title=\"ppp-loan-alternative\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg 900w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative-300x210.jpg 300w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative-768x538.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-4a240dcf\">\n<div class=\"gb-container gb-container-7e377368\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-e5e6d214\">\n<div class=\"gb-grid-column gb-grid-column-9fd8a566\"><div class=\"gb-container gb-container-9fd8a566\">\n\n<figure class=\"gb-block-image gb-block-image-f1230c70\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"630\" class=\"gb-image gb-image-f1230c70\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-program.jpg\" alt=\"blurred background of a person in a blue shirt signing a PPP loan contract on a \" title=\"ppp-loan-program\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-program.jpg 900w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-program-300x210.jpg 300w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-program-768x538.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-0d417df6\"><div class=\"gb-container gb-container-0d417df6\">\n<h2 class=\"wp-block-heading\" id=\"what-was-the-paycheck-protection-program-ppp\">What Was the Paycheck Protection Program (PPP)<\/h2>\n\n\n<p>The Paycheck Protection Program (PPP) was a federal loan program that provided small businesses with the capital they needed to keep their workers on the payroll during the COVID-19 pandemic. Businesses could use&nbsp;<strong>PPP loan proceeds<\/strong>&nbsp;to cover payroll, mortgage interest, rent\/lease, or utility payments during a pandemic. The program was administered by the Small Business Administration (SBA) and Economic Security (CARES) Act, which was passed by Congress in March 2020.<\/p>\n\n\n\n<p><strong>The PPP Loan Program<\/strong>&nbsp;has&nbsp;<strong>ended<\/strong>. To find out if you qualify for a&nbsp;<strong>PPP loan alternative<\/strong>, use our loan eligibility checker.<\/p>\n\n\n<div class=\"gb-container gb-container-b97a80b1\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-2cc6ff5e\">\n<div class=\"gb-container gb-container-eff0c4bd\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-d5df3c5c\">\n<div class=\"gb-grid-column gb-grid-column-13249745\"><div class=\"gb-container gb-container-13249745\">\n\n<figure class=\"gb-block-image gb-block-image-25582dac\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" class=\"gb-image gb-image-25582dac\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/05\/quick-application.png\" alt=\"\" title=\"quick-application\"\/><\/figure>\n\n\n\n<p>Quick Application<\/p>\n\n\n\n<p>Complete your online application in just a few minutes<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-54543291\"><div class=\"gb-container gb-container-54543291\">\n\n<figure class=\"gb-block-image gb-block-image-ecd8fe2a\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" class=\"gb-image gb-image-ecd8fe2a\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/05\/fast-funding.png\" alt=\"\" title=\"fast-funding\"\/><\/figure>\n\n\n\n<p>Fast Funding<\/p>\n\n\n\n<p>Get funding you need for your business in 24 hours or less<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-63bdbc3d\"><div class=\"gb-container gb-container-63bdbc3d\">\n\n<figure class=\"gb-block-image gb-block-image-18151746\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" class=\"gb-image gb-image-18151746\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/05\/flexible-term.png\" alt=\"\" title=\"flexible-term\"\/><\/figure>\n\n\n\n<p>Flexible Terms<\/p>\n\n\n\n<p>Get flexible repayment terms that work for your business<\/p>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-ec7596de\">\n<div class=\"gb-container gb-container-f7984cca\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-1d20ae46\">\n<div class=\"gb-grid-column gb-grid-column-3f804689\"><div class=\"gb-container gb-container-3f804689\">\n<h2 class=\"wp-block-heading\" id=\"why-did-the-paycheck-protection-program-end\">Why did the Paycheck Protection Program End<\/h2>\n\n\n<p>The SBA Paycheck Protection Program (PPP) loan application period ended May 31, 2021. According to the SBA, the program had exhausted its funds and is no longer able to provide loans to small businesses.<\/p>\n\n\n\n<p>Most small businesses are still experiencing the effects of coming out of the pandemic and still need financial support.<\/p>\n\n\n\n<p>If your business has already taken out a PPP loan you may be eligible for PPP loan forgiveness. This loan is only forgivable if you spent the loan on payroll costs and&nbsp;<strong>Eligible non payroll costs<\/strong>.<\/p>\n\n\n\n<p>If you do not qualify for PPP loan forgiveness there are still alternatives to finance the growth of your business. PPP Borrowers that need further financing assistance still have options. Use our loan eligibility checker to see if your business qualifies for a loan from MCashAdvance.<\/p>\n\n\n<div class=\"gb-container gb-container-a098afbb\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-496d8579\"><div class=\"gb-container gb-container-496d8579\">\n\n<figure class=\"gb-block-image gb-block-image-f4e8c291\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"630\" class=\"gb-image gb-image-f4e8c291\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-forgiveness-application.jpg\" alt=\"woman in a red tshirt consoling a man in the office after finding out he cannot get access to business funding through the PPP program anymore because it's ended.\" title=\"ppp-loan-forgiveness-application\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-forgiveness-application.jpg 900w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-forgiveness-application-300x210.jpg 300w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-forgiveness-application-768x538.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-a3176d5e\">\n<div class=\"gb-container gb-container-9af12ac9\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-cb4bd0d3\">\n<div class=\"gb-grid-column gb-grid-column-9129bdea\"><div class=\"gb-container gb-container-9129bdea\">\n<h2 class=\"wp-block-heading\" id=\"top-ppp-paycheck-protection-program-loan-alternatives-for-small-businesses\">Top PPP (Paycheck Protection Program) Loan Alternatives for Small Businesses<\/h2>\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-41880f12\"><div class=\"gb-container gb-container-41880f12\">\n\n<p>Because small businesses are no longer able to obtain PPP loans through the PPP loan program, a small business owner should consider some of the PPP Loan alternatives listed below provided by different lenders and government agencies.<\/p>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-43bb0906\">\n<h3 class=\"wp-block-heading\" id=\"government-alternatives-to-the-sba-ppp-loan\">Government Alternatives to the SBA PPP Loan<\/h3>\n\n<div class=\"gb-container gb-container-cefd2fce\">\n\n<p style=\"font-size:24px\"><strong>SBA 7(a) Loan<\/strong><\/p>\n\n\n\n<p>The Small Business Administration (SBA) 7(a) loan program was the government\u2019s most popular loan program. It provided small businesses with loans of up to $5 million for working capital, equipment, or real estate. But SBA stopped accepting new applications for COVID EIDL loans on January 1, 2022.<\/p>\n\n<\/div>\n\n<div class=\"gb-container gb-container-f6cc7b87\">\n\n<p style=\"font-size:24px\"><strong>SBA Microloans<\/strong><\/p>\n\n\n\n<p>SBA Microloans are small loans, typically under $50,000, that the government put in place to help small businesses get new funding easily. Microloans can take between 30 and 90 days to receive. When looking for a microloan, patience is key, as both an intermediary lender and the SBA must approve your application<\/p>\n\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-42f24902\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n\n<div class=\"gb-container gb-container-ac89a414\">\n<h3 class=\"wp-block-heading\" id=\"commercial-alternatives-to-the-sba-ppp-loans\">Commercial Alternatives to the SBA PPP Loans<\/h3>\n\n<div class=\"gb-container gb-container-bc04147e\">\n\n<p style=\"font-size:24px\"><strong>Business Term Loan<\/strong><\/p>\n\n\n\n<p>A business term loan is a loan from a bank for a specific amount that has to be paid back over a set period of time. The loan is usually for a large amount and the repayment period can be up to 10 years.<\/p>\n\n<\/div>\n\n<div class=\"gb-container gb-container-699cc8df\">\n\n<p style=\"font-size:24px\"><strong>Business Line of Credit<\/strong><\/p>\n\n\n\n<p>A business line of credit is a revolving line of credit that can be used for short-term financing needs such as inventory, seasonal expenses, or unexpected costs. This is a good solution if your business suffers from irregular cash flow and only needs temporary cash injections and does not have access to loan funds.<\/p>\n\n<\/div>\n\n<div class=\"gb-container gb-container-e2df3773\">\n\n<p style=\"font-size:24px\"><strong>Invoice Factoring<\/strong><\/p>\n\n\n\n<p>Business invoice factoring is a type of financing where a business sells its unpaid invoices to a third party at a discount to receive immediate funding. This can be helpful for businesses that have difficulty collecting their invoices or need quick access to capital.<\/p>\n\n<\/div>\n\n<div class=\"gb-container gb-container-e738600c\">\n\n<p style=\"font-size:24px\"><strong>Merchant Cash Advance<\/strong><\/p>\n\n\n\n<p>This type of funding allows a business to sell a portion of its future credit card sales in exchange for upfront capital. If your business processes credit cards and are looking for upfront capital, check out our&nbsp;<a href=\"https:\/\/www.mcashadvance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">merchant cash advance financing<\/a>&nbsp;options.<\/p>\n\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-b84520b3\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-4ee76cc4\">\n<div class=\"gb-container gb-container-06d37b36\">\n<h2 class=\"wp-block-heading\" id=\"ppp-loans-vs-commercial-business-loans\">PPP Loans Vs Commercial Business Loans<\/h2>\n\n\n<p>Despite bold steps the government took to help finance businesses during the pandemic, the commercial financing sector is still the backbone of the economy.&nbsp;<\/p>\n\n\n\n<p>There is still a significant amount of capital being lent to small businesses in the US by the commercial finance sector. A few government programs still offer financial assistance to small businesses as well.&nbsp;<\/p>\n\n\n\n<p>In the table below, we compare the government-based paycheck protection program (PPP) versus loans available from the commercial financial sector.<\/p>\n\n\n\n<figure class=\"wp-block-table tbl-space is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>LOAN FEATURE<\/strong><\/th><th><strong>PRIVATE BUSINESS LOAN<\/strong><\/th><th><strong>PPP- LOAN (SBA)<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>DOCUMENTATION<\/strong><\/td><td>Commercial lenders offer much broader flexibility with their funds. You can use the capital for almost anything in your business. An example would include invoice factoring, purchasing equipment, acquiring a business, marketing, acquiring customers, and expanding a business.<\/td><td>SBA Paycheck Protection Program (PPP) was designed primarily to maintain employment during the Covid19 crisis. In addition to the eligible payroll costs, the funds were used for:<br>\u2022 economic injury disaster loans<br>\u2022 mortgage interest<br>\u2022 applicable overhead<br>\u2022 property damage costs<br>\u2022 supplier costs<br>\u2022 Mortgage interest payments&nbsp;<br>\u2022 Refinancing an SBA EIDL<\/td><\/tr><tr><td><strong>REQUIREMENTS&nbsp;<\/strong><\/td><td>Private lenders require less documents to approve and fund your business. In fact, some direct funders, like MCashAdvance, offer an online application form. In most cases a private lender would require only the following:<br>\u2022 3-6 months of bank statements<br>\u2022 Copy of the owner IDs<br>\u2022 Copy of the owner IDs<br>Voided check<\/td><td>Private lenders require fewer documents to approve and fund your business. In fact, some direct funders offer online applications, like MCashAdvance.&nbsp;<br>Private lenders usually require only the following information:<br>\u2022 Payroll costs<br>\u2022 Healthcare costs<br>\u2022 Interest on any other debt obligations<br>\u2022 Covered supplier costs<br>\u2022 Covered worker protection expenditures<br>\u2022 Copies of canceled checks<br>\u2022 Bank statements with ACH information<br>\u2022 Utility bills<br>\u2022 Mortgage statements<br>\u2022 Lease agreements<br>\u2022 List of all employees on your payroll<\/td><\/tr><tr><td><strong>LOAN AMOUNT&nbsp;<\/strong><\/td><td>Commercial loans typically range from $10K to $2M. However, some funders approve loans up to $5 million without collateral<\/td><td>The maximum amount of your PPP loan will be 2.5 times your average monthly payroll costs, up to $10 million. You can only receive one PPP loan<\/td><\/tr><tr><td><strong>LOAN PERIODS<\/strong><\/td><td>The funding period is agreed upon between the business and the funder. Typical loan periods range from 3 months to 3 years (short-term business loans).<\/td><td>According to the SBA website, loans issued before June 5, 2020, have a two-year maturity. Five-year loans issued after June 5, 2020, have a maturity date of June 5, 2022.<\/td><\/tr><tr><td><strong>SPEED OF FUNDING&nbsp;<\/strong><\/td><td>Within 2-3 business days, on average.<\/td><td>From start to finish, it may take up to 3 months from application to money in the bank.<\/td><\/tr><tr><td><strong>COST OF FUNDING&nbsp;<\/strong><\/td><td>As part of a business deal, the lender and borrower agree on the terms of funding. In unsecured business loans, interest rates ranged between 4% and 35%, depending on the deal structure.<\/td><td>PPP loans have an interest rate of 1%.<\/td><\/tr><tr><td><strong>COLLATERAL<\/strong>&nbsp;<strong>REQUIRED<\/strong><\/td><td>Governments and lenders will not charge small businesses additional fees beyond the agreed interest rate.&nbsp;<\/td><td>A private business loan is unsecured. No collateral or personal guarantee is required. Lenders will not charge additional fees beyond the agreed interest rate.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<\/div>\n\n<div class=\"gb-container gb-container-afa740a8\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-d024d8d1\">\n<div class=\"gb-container gb-container-65ffa2a7\">\n<h2 class=\"wp-block-heading\" id=\"ppp-loanalternative-companies\">PPP Loan-Alternative Companies<\/h2>\n\n\n<p>Many companies provides alternative financing option to the SBA PPP loans. The companies below provides new financing options:<\/p>\n\n\n<div class=\"gb-container gb-container-5565a2b0\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-26aefc1f\">\n<div class=\"gb-grid-column gb-grid-column-e44462a7\"><div class=\"gb-container gb-container-e44462a7\">\n\n<p><strong>MCashAdvance<\/strong><\/p>\n\n\n\n<p>MCashAdvance specializes in providing <a href=\"https:\/\/www.mcashadvance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Merchant Cash Advances<\/a> (MCAs), an alternative to Paycheck Protection Program (PPP) Loans and other financing options backed by sba.gov. Our MCAs aim to offer a faster and more accessible funding solution, ensuring your business receives the necessary financial support without unnecessary delays or numerous hoops to jump through.<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-34b83f93\"><div class=\"gb-container gb-container-34b83f93\">\n\n<figure class=\"gb-block-image gb-block-image-58826acc\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-58826acc\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/05\/mca-logo.png\" alt=\"\" title=\"mca-logo\"\/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-f09ed9de\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-51c7ec6f\">\n<div class=\"gb-grid-column gb-grid-column-1914a407\"><div class=\"gb-container gb-container-1914a407\">\n\n<p><strong>Biz2Credit<\/strong><\/p>\n\n\n\n<p>Biz2Credit has been around since 2007 and is backed by Nexus Venture Partners. They offer PPP loans, but they are prioritizing applicants who apply through their site so new customers should expect a processing time of 12-14 business days before getting approval from this company!<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-00eea724\"><div class=\"gb-container gb-container-00eea724\">\n\n<figure class=\"gb-block-image gb-block-image-c3a4cd15\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-c3a4cd15\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/biz2credit-logo.jpg\" alt=\"illustration of Biz2credits logo\" title=\"biz2credit-logo\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/biz2credit-logo.jpg 200w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/biz2credit-logo-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-eefe115a\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-adbeaf8e\">\n<div class=\"gb-grid-column gb-grid-column-b5906712\"><div class=\"gb-container gb-container-b5906712\">\n\n<p><strong>Lendio<\/strong><\/p>\n\n\n\n<p>Lendio is an online lending marketplace that connects small businesses in need of cash with a network lender. Borrowers can apply for loans through the site and will be considered regardless of credit rating or past payment history, as long they have a legitimate business.<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-5af2f3ff\"><div class=\"gb-container gb-container-5af2f3ff\">\n\n<figure class=\"gb-block-image gb-block-image-8f4bc8ae\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-8f4bc8ae\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/lendio-logo.jpg\" alt=\"illustration of Lendio's logo\" title=\"lendio-logo\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/lendio-logo.jpg 200w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/lendio-logo-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-a5faa523\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-4af5e208\">\n<div class=\"gb-grid-column gb-grid-column-58bd7bf4\"><div class=\"gb-container gb-container-58bd7bf4\">\n\n<p><strong>Nav<\/strong><\/p>\n\n\n\n<p>Nav is a broker website that connects borrowers with lenders. While the program was in effect Nav participated in the PPP loan scheme.&nbsp;&nbsp;<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-42d72350\"><div class=\"gb-container gb-container-42d72350\">\n\n<figure class=\"gb-block-image gb-block-image-14cb067e\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-14cb067e\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/Nav-logo.jpg\" alt=\"illustration of Nav's logo\" title=\"Nav-logo\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/Nav-logo.jpg 200w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/Nav-logo-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-82b95ebe\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-d7f35b6c\">\n<div class=\"gb-grid-column gb-grid-column-e798694e\"><div class=\"gb-container gb-container-e798694e\">\n\n<p><strong>BlueVine<\/strong><\/p>\n\n\n\n<p>Bluevine is an online lender that specializes in offering loans to help small businesses grow. According to its website, it accepted&nbsp; PPP applications that were looking for a first draw loan or a second draw loan.&nbsp;The company also helped with&nbsp;<strong>Economic Injury Disaster Loans&nbsp;<\/strong>application loans.<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-124fe9bb\"><div class=\"gb-container gb-container-124fe9bb\">\n\n<figure class=\"gb-block-image gb-block-image-13dd62d7\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-13dd62d7\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/bluevine-logo.jpg\" alt=\"illustration of Bluevine's logo\" title=\"bluevine-logo\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/bluevine-logo.jpg 200w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/bluevine-logo-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-18c17673\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-5c961d42\">\n<div class=\"gb-grid-column gb-grid-column-30c3cc29\"><div class=\"gb-container gb-container-30c3cc29\">\n\n<p><strong>OnDeck<\/strong><\/p>\n\n\n\n<p>During the pandemic, OnDeck also helped small businesses obtain PPP funding. According to their website, they did not participate in any more PPP loan application support in 2021. Currently, they only offer traditional funding.&nbsp;<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-92a34331\"><div class=\"gb-container gb-container-92a34331\">\n\n<figure class=\"gb-block-image gb-block-image-0f9ac901\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" class=\"gb-image gb-image-0f9ac901\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ondeck-logo.jpg\" alt=\"illustration of Ondecks's logo\" title=\"ondeck-logo\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ondeck-logo.jpg 200w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ondeck-logo-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-6e3cfc3f\">\n<div class=\"gb-container gb-container-74da0b7c\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-22c725f8\">\n<div class=\"gb-grid-column gb-grid-column-9221b06a\"><div class=\"gb-container gb-container-9221b06a\">\n\n<figure class=\"gb-block-image gb-block-image-f84a872e\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"630\" class=\"gb-image gb-image-f84a872e\" src=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-business-owner.jpg\" alt=\"Small business owner holding jar of nuts in store showcasing products in her store\" title=\"ppp-business-owner\" srcset=\"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-business-owner.jpg 900w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-business-owner-300x210.jpg 300w, https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-business-owner-768x538.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-d84fbadd\"><div class=\"gb-container gb-container-d84fbadd\">\n<h2 class=\"wp-block-heading\" id=\"small-business-cant-get-a-ppp-loan-but-it-can-get-financed\">Small Business Can\u2019t Get a PPP Loan but It Can Get Financed<\/h2>\n\n\n<p>The PPP Business owners can no longer submit&nbsp;<strong>PPP Loan Forgiveness Application<\/strong>&nbsp;but many new financing options and private funding alternatives exist. Is doesn\u2019t matter if you are a self employed, a sole trader or a small business owners, new financing options are available for you to grow your business.<\/p>\n\n\n<div class=\"gb-container gb-container-8c7467e1\">\n\n<a class=\"gb-button gb-button-b9173274 gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-0e1c36c3\">\n<div class=\"gb-container gb-container-550b1342\">\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"frequently-asked-ppp-loan-questions\">Frequently Asked PPP Loan Questions<\/h2>\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1698847002584\"><strong class=\"schema-faq-question\">What are common PPP loan alternatives?<\/strong> <p class=\"schema-faq-answer\">SBA Microloans, SBA 7(a) Loans, Business Term Loans, Business Lines of Credit, Invoice Factoring are alternatives to PPP loans.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1698847036246\"><strong class=\"schema-faq-question\">Do PPP loans have to be paid back?<\/strong> <p class=\"schema-faq-answer\">PPP loans (principal plus interest) can be forgiven entirely, meaning there is no need to repay them. But you will be required to repay the loan if you don\u2019t apply for forgiveness.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1698847052715\"><strong class=\"schema-faq-question\">Who is eligible for PPP loan forgiveness?<\/strong> <p class=\"schema-faq-answer\">If the funds were used for paying payroll costs, mortgage interest payments, rent, or utilities within an 8- or 24-week period after disbursement, PPP borrowers are be eligible for loan forgiveness.<\/p> <\/div> <\/div>\n\n<\/div>\n<\/div>\n\n<div class=\"gb-container gb-container-5f6e8fe7\">\n<div class=\"gb-container gb-container-c19e627e cta-box\">\n\n<p class=\"has-text-align-center fw-500\" style=\"font-size:38px\">Ready to Apply?<\/p>\n\n\n<div class=\"gb-container gb-container-413a4d87\">\n\n<a class=\"gb-button gb-button-bde0ec2b gb-button-text\" href=\"https:\/\/www.mcashadvance.com\/apply-business\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>APPLY NOW<\/strong><\/a>\n\n<\/div>\n\n<div class=\"gb-container gb-container-bdc78463\">\n<div class=\"gb-grid-wrapper gb-grid-wrapper-00c32011\">\n<div class=\"gb-grid-column gb-grid-column-4600c36d\"><div class=\"gb-container gb-container-4600c36d\">\n\n<p class=\"has-text-align-left mb-1\"><i class=\"fa-solid fa-circle-check\"><\/i> No Hidden Costs or Fees<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-50018aa1\"><div class=\"gb-container gb-container-50018aa1\">\n\n<p class=\"has-text-align-left mb-1\"><i class=\"fa-solid fa-circle-check\"><\/i> No Paperwork<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-8e6b9195\"><div class=\"gb-container gb-container-8e6b9195\">\n\n<p><i class=\"fa-solid fa-circle-check\"><\/i> 5 Minute Application<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-4998f429\"><div class=\"gb-container gb-container-4998f429\">\n\n<p class=\"has-text-align-left mb-1\"><i class=\"fa-solid fa-circle-check\"><\/i> Bad Credit &#8211; Welcome<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-60dab048\"><div class=\"gb-container gb-container-60dab048\">\n\n<p class=\"has-text-align-left mb-1\"><i class=\"fa-solid fa-circle-check\"><\/i> No Obligation to Accept<\/p>\n\n<\/div><\/div>\n\n<div class=\"gb-grid-column gb-grid-column-cf2c1371\"><div class=\"gb-container gb-container-cf2c1371\">\n\n<p class=\"has-text-align-left mb-1\"><i class=\"fa-solid fa-circle-check\"><\/i> High Approval Rates<\/p>\n\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Government Alternatives to the SBA PPP Loan SBA 7(a) Loan The Small Business Administration (SBA) 7(a) loan program was the government\u2019s most popular loan program. It provided small businesses with loans of up to $5 million for working capital, equipment, or real estate. But SBA stopped accepting new applications for COVID EIDL loans on January &#8230; <a title=\"PPP Loan Alternatives\" class=\"read-more\" href=\"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/\" aria-label=\"More on PPP Loan Alternatives\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","footnotes":""},"class_list":["post-5116","page","type-page","status-publish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PPP Loan Alternatives - MCASHADVANCE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPP Loan Alternatives - MCASHADVANCE\" \/>\n<meta property=\"og:description\" content=\"Government Alternatives to the SBA PPP Loan SBA 7(a) Loan The Small Business Administration (SBA) 7(a) loan program was the government\u2019s most popular loan program. 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It provided small businesses with loans of up to $5 million for working capital, equipment, or real estate. But SBA stopped accepting new applications for COVID EIDL loans on January ... Read more","og_url":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/","og_site_name":"MCASHADVANCE","article_publisher":"https:\/\/www.facebook.com\/mcashadvance","article_modified_time":"2025-05-21T14:52:59+00:00","og_image":[{"url":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg"}],"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/","url":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/","name":"PPP Loan Alternatives - MCASHADVANCE","isPartOf":{"@id":"https:\/\/www.mcashadvance.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#primaryimage"},"image":{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg","datePublished":"2022-06-23T17:38:00+00:00","dateModified":"2025-05-21T14:52:59+00:00","breadcrumb":{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847002584"},{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847036246"},{"@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847052715"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#primaryimage","url":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg","contentUrl":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2023\/11\/ppp-loan-alternative.jpg","width":900,"height":630,"caption":"Business owner and employee hold sign reading \"PPP loan alternative.\""},{"@type":"BreadcrumbList","@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Merchant Cash Advances","item":"https:\/\/www.mcashadvance.com\/"},{"@type":"ListItem","position":2,"name":"PPP Loan Alternatives"}]},{"@type":"WebSite","@id":"https:\/\/www.mcashadvance.com\/#website","url":"https:\/\/www.mcashadvance.com\/","name":"MCASHADVANCE","description":"Merchant Cash Advance Online","publisher":{"@id":"https:\/\/www.mcashadvance.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mcashadvance.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.mcashadvance.com\/#organization","name":"MCASHADVANCE","alternateName":"MCASHADVANCE","url":"https:\/\/www.mcashadvance.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mcashadvance.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/06\/mcashadvance-logo.png","contentUrl":"https:\/\/www.mcashadvance.com\/wp-content\/uploads\/2025\/06\/mcashadvance-logo.png","width":300,"height":160,"caption":"MCASHADVANCE"},"image":{"@id":"https:\/\/www.mcashadvance.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mcashadvance","https:\/\/x.com\/m_cashadvance"]},{"@type":"Question","@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847002584","position":1,"url":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847002584","name":"What are common PPP loan alternatives?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"SBA Microloans, SBA 7(a) Loans, Business Term Loans, Business Lines of Credit, Invoice Factoring are alternatives to PPP loans.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847036246","position":2,"url":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847036246","name":"Do PPP loans have to be paid back?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"PPP loans (principal plus interest) can be forgiven entirely, meaning there is no need to repay them. But you will be required to repay the loan if you don\u2019t apply for forgiveness.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847052715","position":3,"url":"https:\/\/www.mcashadvance.com\/ppp-loan-alternatives\/#faq-question-1698847052715","name":"Who is eligible for PPP loan forgiveness?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"If the funds were used for paying payroll costs, mortgage interest payments, rent, or utilities within an 8- or 24-week period after disbursement, PPP borrowers are be eligible for loan forgiveness.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/pages\/5116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/comments?post=5116"}],"version-history":[{"count":94,"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/pages\/5116\/revisions"}],"predecessor-version":[{"id":11289,"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/pages\/5116\/revisions\/11289"}],"wp:attachment":[{"href":"https:\/\/www.mcashadvance.com\/wp-json\/wp\/v2\/media?parent=5116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}