Status Update: Applications for the second draw of the Paycheck Protection Program are being accepted now.

Divvy has partnered with Lendio, a trusted SBA lender, to fast track PPP applications. Apply now.

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SBA PPP loan through Divvy.

Under the CARES Act, small businesses can receive up to $10M through the SBA Paycheck Protection Program. Divvy will assist you through the application process—so you can get funding even faster. The process is simple:

Fill out this form to receive the SBA PPP application. Once completed, your application will be sent to our banking partner Cross River Bank for processing.

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What can I use PPP loan funds for?

Small businesses and nonprofits with 500 or fewer employees are eligible to apply for PPP loans. In addition, sole proprietors, 1099 independent contractors, and self-employed individuals can apply through the Divvy portal.

The primary purpose of PPP loans is to help businesses retain their existing staff. Businesses who use the funds to do this may be eligible for a 100% forgiveness incentive.

The funds can be used for expenses such as:

  • Payroll costs, including benefits
  • Interest on mortgage obligations, incurred before February 15, 2020
  • Rent, under lease agreements in force before February 15, 2020
  • Utilities, for which service began before February 15, 2020.

For a complete breakdown of PPP loans, please go here.

How can Divvy help?

Divvy’s partner, Cross River Bank, is one of the most technology-forward SBA lenders in the nation. With Divvy’s expense tracking and Cross River’s online application, you can fast track your PPP loan application. Here’s how:

  • Complete your digital application and submit in minutes.
  • We’ll get your loan serviced faster (days, not weeks).
  • We’ll help you prepare required documents and offer guidance along the way.
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What to do today

Fill out the above form to get started on your application. We’ll follow up to walk you through the process.


Gather required information

Payroll records

You will need payroll tax forms (i.e. Forms 940 and/or 941) from January 1, 2019 to the most current filing. Note: You will need to be able to identify any employees paid over $100K.

If you are a 1099 employee, you can still submit an application. Use your Social Security Number instead of an EIN on your application.

Tax returns

Gather your tax returns and financial statements for the last two years. If you haven’t been in business that long, all tax returns you have.

1099-Misc (if applicable)

If you have filed form 1099-Misc and are counting contractor compensation as part of your average payroll, you will need to provide this form.

Copies of driver licenses

You’ll need to provide copies of driver licenses for business owners with ownership stakes of 20% or more.

Voided check

Provide a voided check from the account where the loan will be deposited.

6 months of bank statements

Provide bank statements from your business accounts for the most recent six months of business.

PPP calculator worksheet

Cross River Bank has provided a Paycheck Protection Program calculator worksheet that will help you determine your loan amount. This document is required and can be downloaded here.

If you have any questions please email us, or visit our SBA PPP Loan FAQ page here.