Apply for your SBA Paycheck Protection Program loan with Veem
Since March, Veem has connected small business owners with lenders to process their Small Business Administration (SBA) Paycheck Protection Program applications. With guidance from the SBA, we have reopened our application portal and encourage applicants to apply as soon as possible ahead of the extended August 8, 2020 deadline.
By combining the best of traditional banking methods with the agility of financial technology, our loan processing partners are uniquely situated to quickly and efficiently process loan applications.
- 100% online application process with no hidden fees — apply for your loan in 15 minutes
- Get started on your application by reviewing and gathering the required documents listed below
- Access our webinar detailing the application process here
- Our multi-lingual team is available 24/7 to answer questions as you prepare to complete your application at [email protected]
If you’re applying for a PPP loan over $2 million, please contact us directly at [email protected]
Do you know businesses who would benefit from applying for their SBA Paycheck Protection Program loan with Veem? Contact [email protected] to refer your clients or business partners and learn more about our PPP partner program.
Gather the following business information to submit with your application. Ensure to verify all of the following documents before submitting your application. Once submitted, the application cannot be changed.
You will need payroll tax forms (i.e. Forms 940 and/or 941) from January 1, 2019 to the most recent filing. For the application, you will need to be able to identify any employees paid over $100K USD.
Include a voided check from the business account you would like the loan to be deposited.
Tax returns and financial statements
Include tax returns and financial statements for the past two years. If your business is younger than two years, include all of the tax returns you have received.
Copies of drivers licenses
You will need to provide copies of identification for business owners with ownership stakes of 20% or more.
6 months of bank statements
Provide bank statements from your business accounts for the most recent six months of business.
Fill out and submit the Paycheck Protection Program calculator worksheet to determine your loan amount. This document is required and can be accessed here.
To apply for loan forgiveness in the future, you’ll need documentation of the expenses you will pay during the eight week period after you receive an SBA PPP loan. Ensure you’re prepared to document expenses, including mortgage interest and/or rent and utilities.
What people are saying
"While our traditional big bank was not providing any way to apply for the Paycheck Protection Program, Veem's process was seamless and fast. Definitely a clear distinction between a digital-first fintech company and an old, not really adaptable institution."
"It meant a lot to me that Veem helped us. I got the sense that Veem is powered by people, not machines."
NSI Engineering, Inc.
"The Veem PPP loan application took very little time to fill out (less than an hour) and acknowledged my self-employment as having worth."
"I'm in shock! Thank you for the streamlined process. Big banks need to take a page out of your book."
Owner, Moore Parts Source
"Thank you for the easy to follow PPP application process! Appreciated the PPP calculator excel sheet and found it had understandable instructions and good resource information."