BitX Funding: How to apply for Payment Protection Program

BitX Funding: How to apply for Payment Protection Program

More About BitX Funding: How to apply for Payment Protection Program

BitX Funding is committed to supporting small business through the COVID-19 outbreak and helping them through a very stressful time, BitX receive calls from small businesses with W2’s, 1099 and sole proprietors confused on where to begin. BitX platform and customer service are here to make a frictionless process for business owners to apply for the Paycheck Protection Program fast and with full transparency. The program is every changing as we just learned that in a very short period of time the program has ran out of funds. But business owners should keep pressing forward and process their application so to be in position for when the Congress and Senate approve more funding. Large banks are providing very little support or guidance to the business community, so we recommend putting in your application with BitX to see who funds first.

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.

The loan amounts will be forgiven as long as:

• The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
• Employee and compensation levels are maintained.

Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.

Loan payments will be deferred for 6 months.

More information: click for details

Tags: local events



Event Details

Date: May 18, 2020






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    Greenwich Botanical Center is located in the stunning 61-acre Montgomery Pinetum Park in Cos Cob, CT. Dedicated to promoting horticulture, conservation and the arts through educational programs, outreach activities and special events.See what's in bloom now!

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    Quality care facility for a parent or spouse with Dementia.

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    Sushi Soba serving the best Sushi & Japanese food in the Old Greenwich area. Order Online for Sushi & Japanese food Pickup/Takeout or Delivery.

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Share This Event
  • Visit Website
    Greenwich Botanical Center is located in the stunning 61-acre Montgomery Pinetum Park in Cos Cob, CT. Dedicated to promoting horticulture, conservation and the arts through educational programs, outreach activities and special events.See what's in bloom now!

  • Visit Website
    Dr. Gerald Cohen delivers world class dentistry to all his patients. His philosophy is minimally invasive techniques, careful consideration of aesthetics, mindfulness of cost and, above all, thorough communication with each patient. Click here to book an appointment!

  • Visit Website
    Schedule a Tour: 203-531-5500
    Quality care facility for a parent or spouse with Dementia.

    "I cannot say enough good things about the Greens at Greenwich."
    Customer Review.

  • Visit Website
    Sushi Soba serving the best Sushi & Japanese food in the Old Greenwich area. Order Online for Sushi & Japanese food Pickup/Takeout or Delivery.

    CLICK FOR COUPON

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