Important Update to PPP Loan Funding
Additional funding has been approved for the Paycheck Protection program. The SBA has started accepting applications. While we don’t know the exact timing, we are urging our members to prepare now for the eventual restart of the program.
Because of the high demand for the program, Verve has partnered with Kabbage, a financial technology company based in Atlanta, to provide access for our members to apply for program funds. Please note that Kabbage will be the originator and processor of the PPP loans for which Verve members apply by using the links on this page, and that the loan will be funded and owned by Kabbage or one of Kabbage’s funding partners. We have been assured by Kabbage that applications are being handled on a first-come first-served basis, and that applications are submitted to the SBA as they are completed.
Already applied and received confirmation from Kabbage that your application is complete?
While we cannot guarantee your funds, if you have applied and received confirmation from Kabbage that your application is complete, Kabbage is working to submit your application to the SBA PPP for approval.
Started an application, but have not completed it?
If you started the application process but did not receive confirmation that your application received SBA confirmation, please continue to work directly with Kabbage to complete your application. Funding is on a first-come, first-served basis.
Have not yet applied?
Kabbage will accept new applications as long as SBA funds are available for the program. Remember, those who applied and received confirmation before the first round of funding was exhausted are ahead of you, as well as those who may complete and submit applications before you. A submitted application is not a guarantee of funding.