Gusto Is Now a Lendor for the Payroll Protection Program

One of our favorite clients received this email from Gusto, the payroll processing company, this morning.  Gusto is entering the Payroll Protection Program as a lendor. --------------------------------------- We’re hearing from many of the over 50,000 customers like you who downloaded their PPP report in the past few days that their bank is unable to serve them. As we were developing the PPP report, we were also working with banks as well as lending platforms that aggregate participating banks to streamline the process for our customers. We’re thrilled to announce that we are now up and running with multiple partners that have more capacity to service loans for Gusto customers. Our goal is to facilitate the funding of all of the estimated $2.3B+ in loans for folks who have downloaded their reports--as fast as possible. Simply sign-in and head to the PPP page where you’ll find our recommended lending partners. If you have already applied for a loan but have not yet been approved, it is important that you don't apply again. If you’re curious to learn more on this topic, we recommend referencing the guidance from the SBA (see “Can I apply for more than one PPP loan?”).

Sincerely, The Gusto Team