Business Recovery Program

Specializing In Guiding Businesses In Disaster Business Loan Applications

Thank you for joining us on our webinar to learn more about HPP Capital Services and the current EIDL SBA Disaster Business Loan and Paycheck Protection Program Loan (PPP) process.

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We hope that you feel more empowered to make the best decisions possible for your business during the current coronavirus crisis.

As promised, here is a copy of today’s presentation for you to download:

Download Presentation

Would you like to move forward with HPP Capital Services to help you with your EIDL and/or PPP SBA loan process?

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We want you to know that our desire is to continue to be a resource to you. Please take a moment to provide us feedback so that we may serve others with top quality care and information.

Thank you for spending time with us today.

Amanda Prochaska

President & CEO, HPP

Frequently Asked Questions
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How much can I borrow?

The SBA is providing up to $2 million in funding to be available to businesses in need for EIDL and up to $10 million in PPP.

Who qualifies?
Any type of business (Partnership, Limited Partnership, Limited Liability Entity, Corporation, Nonprofit Organization, Sole Proprietor), including independent contractors. Businesses must reside within the US, American Samoa, Puerto Rico
What is the interest rate?

For EIDL, 3.75% for businesses and 2.75% for nonprofits. There is also no loan payment (including interest) in the first year.

For PPP, 1% interest with no required payments within the first 6 months.

Are there grants available?
As each state and municipality continues to support their communities, there may be other opportunities for funds that do not involve the SBA.
Can these loans be used to refinance my existing loans?
No, these funds can only be used for current base operating cost needs for your business.
Does my credit score matter?
There is some review of personal credit. HPP Capital Services believes that you will best be served if your credit score is above 540 to show that you have a history of paying your obligations.
What if I do not qualify?
HPP Capital Services is unable to guarantee that your request to the SBA will be approved. However, we are a business who seeks to use our resources to direct you to what may be best for you and your business as an alternative funding source.
If I submitted incorrectly, will I be able to pull back the application to correct my mistakes?

If an application is filled out incorrectly, or mistakes are made, it becomes a more tedious process as the application may not be pulled back or able to be corrected.

What other actions can I take to help my company stay afloat during these times?
HPP seeks to provide all businesses the best resources and learning that allows growth and progress. As we learn more about you and your business, we will be able to support other funding options (local offerings, bank offerings), help you increase operational excellence, and guide you on increasing your visibility and brand presence.

Business Recovery Program

Up to $2 million in funds may be available for your business to provide the safety net needed to continue in business after the coronavirus has subsided. While potentially life changing, the application process can be daunting, stressful, and overwhelming.

As part of HPP Capital Services, the HPP Business Recovery Program is here to assist you to collect all required documentation, organize needed financials and tax documents, and advise in the Disaster Business Loan Application.

In times of financial crisis, you need to focus on your business. Allow HPP to focus on the paperwork to get you the needed capital.