Paycheck Protection Program Loan

Bankroll is a simple and efficient way to get your Paycheck Protection Program loan.

What you need to know

Super Low Rate

1.00% interest rate with up to 10 year repayment term on your SBA-backed small business loan.

100% Forgivable Loan

No repayment needed (keep the money) if used for payroll, mortgage, rent, or utilities.

Defer Payments

No payments for 6 months so you have extra time to get your business back on track.


Apply online.

Applying for your Paycheck Protection Program Loan takes a few minutes and won’t affect your credit score. We will ask for basic business and ownership information.

Your assigned SBA Loan Specialist will be happy to answer any questions along the way.

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Submit documents.

We will need supporting documentation like a payroll summary report and utility bills. 

Your assigned SBA Loan Specialist will provide you with a checklist and be available to guide you through each step.

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Transfer funds.

Sign contracts electronically with Docusign. Funds are sent via ACH or wire transfer directly to your business checking account.

Your assigned SBA Loan Specialist will be available if you have questions about your loan or have a request for additional funds.

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Hey, I'm Brian

As your dedicated SBA loan specialist, I will get to know you and your business in order to secure the most competitive small business loan. You can reach me directly via phone, text or email during normal business hours.

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Frequently Asked Questions

The Paycheck Protection Program provides federally-guaranteed loans to eligible small businesses. These loans are intended to help small businesses retain employees throughout and after the Coronavirus (COVID-19) crisis. As dictated by the CARES Act, the SBA will commit to helping small business owners across America borrow $349 billion. The Paycheck Protection Program covers operational expenses beginning February 15, 2020 and ending on June 30, 2020.

The CARES Act has expanded the eligibility criteria for borrowers to qualify for a Paycheck Protection Program loan. Any qualified small business, nonprofit organization, veterans organization, or tribal business is eligible to apply for a loan if the business employs 500 or less people.

The maximum loan amount permitted for an eligible business is 2.5x the average total monthly payroll cost incurred in the one-year period before the loan is made, not to exceed $10,000,000.

The rate is 4% with repayment over 10 years. The loan is 100% forgivable (keep the money) if proceeds are used for payroll, mortgage interest, rent, or utilities before June 30, 2020.

100% of your loan will be forgiven if you use the funds for payroll costs, mortgage interest, rent, or utilities payments over the 8 weeks after receiving the loan proceeds.

Your first payment is deferred for 6 months; however, interest will continue to accrue over this time period. The program is designed to give you the extra time and cash cushion to get your business back on track

Still have questions? Get in touch