The SHB Group is here to help you get your loan approval FASTER.


Register and pre-apply now and we’ll connect you with our banking partner to apply for your PPP loan AS SOON AS the banks begin processing loans. Plus this way, applying for your loan will be smoother, easier, and quicker.

Why PPP with SHB?

Besides the fun rhyme, using SHB to process your PPP loan means you have a qualified and experienced broker behind you and at your side during the entire process. There’s no cost to you, and it will not affect the amount of your loan in any way. But your loan application will be powered by our over 25 years of experience in the loan industry. We already helped hundreds of applicants with their initial PPP round and have been referred by our many satisfied clients to businesses around the country. Our dedicated email address and phone line ensure that we’ll always be there to help you throughout the process.



No, the qualifications for PPP loan eligibility are different for this round and the last one, so even if you were not eligible then, you may be now (see below for a list of non-eligible businesses, however). In addition, the program is open for both first-time and second-time borrowers, so even if you got the first round PPP loan, you may be eligible for this loan as well. Of course, qualifying as an eligible business doesn’t guarantee a PPP loan.

· Have 300 or fewer employees (2nd-time borrowers) or 500 or fewer employees (1st-time borrowers)
· Have sustained a 25 percent drop in revenue in any quarter of 2020 compared to the same quarter in 2019
· Been in operation on February 15, 2020
· 2nd-time borrowers must have used the full amount of their first PPP loan

In addition to the businesses that were eligible in round 1 of the PPP, this round the program includes:
· Entities that are 501(c)(6)s
· DMOs (destination marketing organizations )
· Housing Cooperatives
· Newspapers, broadcasters & radio stations

Yes, seasonal employers are eligible for PPP loans.

What qualifies as a Seasonal employer? Any businesses that operate for only five months in a calendar year or who earned no more than one-third of their receipts in any six months in the prior calendar year.

The absolute maximum cap on loans (both first-time applicants and second draw borrowers) for the PPP is $2,000,000. The amount your business receives is based on the submission of certain documentation as proof of eligibility. And while you might request a certain amount, please be aware that borrowers are not guaranteed the full amount requested in their application.

The loan is based on 2.5 x average monthly payroll costs in 1-year prior to loan or 2019 calendar year.

For hotels and restaurants, the loan is based on 3.5 x average monthly payroll costs

Similar to the first round of PPP loans, eligible spending must be comprised of at least 60% on payroll costs (compensation, health, retirement, and state and local payroll taxes) over a Covered Period of either 8 or 24 weeks.

In addition to those expenses that were eligible under the previous round, this round the PPP loan can also be used to pay the following expenses:

· Covered operations including software, cloud computing, human resources & accounting needs
· Property damage caused by public disturbances that occurred in 2020 that were not covered by insurance
· Covered supplier costs
· Covered worker protection expenditures as determined by the state government, the CDC, OSHA & HHS.

  • Entities listed in 13 C.F.R. 120.110 and subsequent regulations except for entities from that regulation which have otherwise been made eligible by statute or guidance, and except for nonprofits and religious organizations;
  • Entities involved in political and lobbying activities including engaging in advocacy in areas such as public policy or political strategy or otherwise describes itself as a think tank in any public document;
  • Entities affiliated with entities in the People’s Republic of China;
  • Registrants under the Foreign Agents Registration Act; and
  • Entities that receive a grant under the Shuttered Venue Operator Grant program.