Advertiser Disclosure

🏦 Get funded today with one of our top 5 lenders for 2020

Guide To PPP Forgiveness Rules, Qualified Expenses, & How To Apply For Loan Forgiveness [Updated Oct. 2020]

  • 48 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Erica Seppala

Erica Seppala

Erica is a writer based in Greenville, South Carolina. She is a graduate of Limestone College. Initially determined to be an accountant, she put away the calculator and picked up a laptop to pursue her dream of being a writer. Erica has spent the past 10 years writing blogs and articles for hundreds of private clients, and she loves sharing her love of research and the written word with everyone around her.

Sources

Leave a comment

48 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Cindy K

    Hi – Great post! In one of your answers above, you quote the PPP Forgiveness Application: “For each employee, enter the average number of hours paid per week….” My question is about the exact wording of “number of hours paid per week.” We pay employees straight time, time and a half, and double time, depending on whether they work more than 8 hrs per day, or whether they start outside of designated normal hours (as defined by the collective bargaining agreement with their union.) For this calculation, can we calculate the number of hours based on HOURS PAID, and not HOURS WORKED? For e.g.: an employee works 32 ST hrs and 4 DT hours in a week. If I take the hours worked (36), they are less than a FTE for that week. If I take the hours paid (40), they are a FTE for the week. As you can imagine, this can have an impact on our FTE Reduction calculations, pushing us up or down by one or two FTE over the course of the 24 week period.

    I have one other question from something on the PPP Forgiveness Application: On page 3 of the app, under the section “Full-Time Equivalency (FTE) Reduction Calculation.” The first criteria to satisfy for not incurring a reduction says this: “No reduction in employees or average paid hours: If you have not reduced the number of employees or the average paid hours of your employees between January 1, 2020 and the end of the Covered Period, check here ☐.” My question has two parts: 1. Do we compare EITHER the FTEs – OR – the average paid hours for this? (this goes back to my first paragraph, too) 2. What period do we use as a COMPARISON for this question – do we go back to our loan application (all of 2019 was used) or do we use one of the reference periods indicated in Line 11 on that page, or something else? Going from the beginning of 2020 means that if we use the first 8 weeks of 2020 as our reference period, part of what we’re comparing covers the same period. I guess that line is confusing because it doesn’t indicate what to compare to, unless they are assuming compared to your original application. Thank you!!

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Cindy,

      There is a lot to unpack here, so thanks for your patience!

      To answer the first part of your question, both the number of FTEs AND the average paid hours must have not been reduced since the loan was obtained to receive full forgiveness. The average paid hours during the covered period and the number of FTEs must be calculated and must not fall below the numbers submitted on the loan application to receive full forgiveness. When calculating FTEs, use the hours PAID per week. Based on the PPP loan forgiveness application instructions, the SBA states,

      “This calculates the average full-time equivalency (FTE) during the Covered Period or the Alternative Payroll Covered Period. For each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. The maximum for each employee is capped at 1.0. A simplified method that assigns a 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work fewer hours may be used at the election of the Borrower.”

      For the second part, the covered period begins the day the loan is disbursed. The number of FTEs and paid hours must be maintained during this period (either the original eight weeks or the revised 24 weeks.)

      Basically, the number of FTEs and the salaries/wages paid can’t fall below what was entered on the PPP application.

        gregg

        (1) The loan amt was calculated to equal about 8 weeks of payroll plus some Int on business loans and utilities cost . (2) Now that we have 24 weeks to cover the use the funds instead of 8 and we didn’t cut any of our 5 employees ,can we just ignor listing the business interest and utilities cost as a use of the PPP Loan, on the loan forgiveness application, and list only the entire Payroll cost for 24 weeks; Since, the total of all our employee payroll cost for 24 weeks, (excluding the owners pay of maximum $15,385) is twice the amount we borrowed?

          This comment refers to an earlier version of this post and may be outdated.

          Jessica Dinsmore

          Hi Gregg,

          As long as the payroll costs were incurred during your covered 24-week period, you can use that on your loan forgiveness application — no need to include the non-payroll costs, unless, of course, you need to add those costs for 100% forgiveness, but based on what you said about payroll costs doubling the amount of your loan, this won’t be an issue.

            This comment refers to an earlier version of this post and may be outdated.

            Ray

            Does anyone have problems with line 7 of the EZ form, it appears to cap loan forgiveness at 60% of payroll costs incurred during the covered 8 week period.

              This comment refers to an earlier version of this post and may be outdated.

              Jessica Dinsmore

              Hi Ray,

              The 60% is referring to how to spend your PPP funds in order to get them forgiven. You must spend at least 60% of your loan to cover payroll costs in order to be forgiven. The remaining 40% can be used to pay mortgage interest, utilities, and rent.

              Before the passage of the Paycheck Protection Flexibility Act, borrowers were required to use at least 75% of loan funds for payroll costs. Failure to meet this requirement would result in a reduction in the portion of the loan that is forgiven. Now, only 60% of funding must be used toward payroll costs. If you don’t meet this threshold, you may still be eligible for partial forgiveness. Also, borrowers that received funding before the passage of the Paycheck Protection Flexibility Act can stick with the original eight-week period or extend the covered period an additional 16 weeks. Hope this helps!

                This comment refers to an earlier version of this post and may be outdated.

                Tommy Rogers

                I have allocated all of my loan protection funds, and am ready to send in my documents to be forgiven. I have tried numerous of times contact someone via phone, and after hours of hold time I get disconnected. Where do I send my documentation? Please help. I do not want to get stuck paying this back.

                  This comment refers to an earlier version of this post and may be outdated.

                  Jessica Dinsmore

                  Hi Tommy,

                  In the “When & How To Apply For Forgiveness” section of this article, it states that you are to apply for forgiveness through the lender that serviced your PPP loan. You can also find links to the necessary forms there as well. Good luck!

                    This comment refers to an earlier version of this post and may be outdated.

                    Bull Tuff Mud Company Ready Mix LLC 0850510176

                    On the Eligible nonpayroll costs, transportation is listed as one of the covered utilities. Can you tell me what that covers. (fuel, loan payment, rental of auto) this is not clear on what is considered transportation.
                    Thank You

                      This comment refers to an earlier version of this post and may be outdated.

                      Jessica Dinsmore

                      Hi there,

                      On the bottom of page three column two, the SBA final interim rules state that:

                      Mortgage interest payments (but not mortgage prepayments or principal payments) on any business mortgage obligation on real or personal property (e.g., the interest on your mortgage for the warehouse you purchased to store business equipment or the interest on an auto loan for a vehicle you use to perform your business), business rent payments (e.g., the warehouse where you store business equipment or the vehicle you use to perform your business), and business utility payments (e.g., the cost of electricity in the warehouse you rent or gas you use driving your business vehicle). You must have claimed or be entitled to claim a deduction for such expenses on your 2019 Form 1040 Schedule C for them to be a permissible use during the eight-week period following the first disbursement of the loan (the ‘‘covered period’’). For example, if you did not claim or are not entitled to claim utilities expenses on your 2019 Form 1040 Schedule C, you cannot use the proceeds for utilities during the covered period.

                        This comment refers to an earlier version of this post and may be outdated.

                        Bill White

                        Regarding the Salary/Hourly Wage Reduction portion of the forgiveness application, it still states that a reduction in forgiveness is required if an individual employees wages were less than 75% during the covered period. With the covered period now 24 weeks, and if a business uses the full time, will there be a reduction in forgiveness if any individual employees average wages during the 24 weeks is less than 75% of the first quarter 2020?

                        Similar to the FTE reduction. All computations are based on the full term of the covered period but then it states that full staffing must be acquired by December 31 or June 30. To use the last date, is it the final payroll that determines if headcount was achieved?

                          This comment refers to an earlier version of this post and may be outdated.

                          Jessica Dinsmore

                          Hi Bill,

                          Under the revised rules, borrowers will have until December 31, 2020, to get their staff numbers back up in order to receive full loan forgiveness.

                          Re: the wages, the borrower will have to certify, per the forgiveness application: “The Borrower did not reduce salaries or hourly wages by more than 25 percent for any employee during the Covered Period or Alternative Payroll Covered Period compared to the period between January 1, 2020 and March 31, 2020.” If they did, forgiveness will be reduced.

                            This comment refers to an earlier version of this post and may be outdated.

                            DS

                            Great article – thanks! Question – with the new revised rules which just came out , they reference “Alternative Payroll Covered Period”. I have 2 separate payroll periods within the same company. One is paid weekly and the other monthly. We received our PPP funds on April 17. I am wondering if I can use the “Alternative Payroll Period” for the weekly payroll which started on April 23 and the “Covered Period” for the monthly payroll which runs from the 15th – 14th of the month? If so, would I need to complete 2 separate forgiveness applications? Thanks!

                              This comment refers to an earlier version of this post and may be outdated.

                              Jessica Dinsmore

                              Hi DS,

                              The Alternative Payroll Covered Period is available for bi-weekly (or more frequent) payroll. The coverage period begins on the day employees are paid. So in this case, yes, you could use the Alternative Payroll Period for the weekly payroll and the Covered Period for the monthly payroll. There are spaces on the loan forgiveness application for both covered and alternative periods, so you should be good to submit just one application.

                                This comment refers to an earlier version of this post and may be outdated.

                                Donna F.

                                We applied for our PPP the very first day and used our 2019 payroll information from our payroll provider. We ended up using the average employee count for 2019, which was 20% higher than at the end of 2019. In late 2019 and all of 2020 we have maintained our employee count, which is lower than the average # reported on the PPP. Will it be admissible to show my employee count for several months prior to February 2020 to establish my employee count and prove that I have not reduced the staff? Or am I stuck showing the decrease because we used the average employee count for 2019, which our lender advised (obtaining payroll reports from our payroll provider)?

                                  This comment refers to an earlier version of this post and may be outdated.

                                  Jessica Dinsmore

                                  Hi Donna,

                                  For the PPP application, you needed to put the number of full-time equivalent employees you had, not the average from the previous year. While you would be able to use 2019’s average payroll, you would have had to accurately calculate the number of FTE employees you had when applying for the loan.

                                    This comment refers to an earlier version of this post and may be outdated.

                                    Bill Neve

                                    Thanks for this article. Am confused on one point regarding what portion of the PPP is now forgivable. As a sole proprietor, I figured out the forgivable portion of the PPP Loan I received in May over the 8 week period, which was not the full amount of the loan, even with rent, utilities, etc. Does the new legislation extending the period of expenditure from 8 to 24 weeks now allow me to use the full amount of the loan on forgivable expenses, and have those forgiven in their entirety, over that 24 week period? Or does it just allow a longer period within which to allocate the same forgivable expenses i would have incurred in the original 8 week period – so that even with the extended period it will not increase the forgivable portion of the PPP loan.

                                      This comment refers to an earlier version of this post and may be outdated.

                                      Jessica Dinsmore

                                      Hi Bill,

                                      Not only does the Flexibility Act now allow for 24 weeks to spend the funds, but it has also reduced the payroll cost rule from 75 percent to 60 percent. So you can now spend 30% on other forgivable expenses.

                                        This comment refers to an earlier version of this post and may be outdated.

                                        Bill

                                        We operate a 1120S in which a few of the owners earn commissions on sales.
                                        We also have employees earning salaries and commissions.

                                        My question is how much of each owner’s compensation can be forgiven?
                                        There are two primary owners and another with a small percentage.

                                          This comment refers to an earlier version of this post and may be outdated.

                                          Jessica Dinsmore

                                          Hi Bill,

                                          The PPP Forgiveness Rules state:

                                          The amount of loan forgiveness requested for owner-employees and self-employed individuals’ payroll compensation can be no more than the lesser of 8/52 of 2019 compensation (i.e., approximately 15.38 percent of 2019 compensation) or $15,385 per individual in total across all businesses. Owner-employees are capped by the amount of their 2019 employee cash compensation and employer retirement and health care contributions made on their behalf. Schedule C filers are capped by the amount of their owner compensation replacement, calculated based on 2019 net profit. General partners are capped by the amount of their 2019 net earnings from self-employment (reduced by claimed section 179 expense deduction, unreimbursed partnership expenses, and depletion from oil and gas properties) multiplied by 0.9235.

                                          I hope that helps!

                                            This comment refers to an earlier version of this post and may be outdated.

                                            Oluwole Elegbede

                                            Owner- Employee or self-employed can be forgiven up to 2.5 months’ worth (2.5/12) of their 2019 compensation (i.e , approximately 20.83 percent of 2019 compensation) if chosen 24 weeks “Alternative Payroll Covered Period”.

                                              This comment refers to an earlier version of this post and may be outdated.

                                              Irene

                                              I made a careless and stupid mistake and listed 4 employees on my PPP loan application, They’re actually 3FTE. I havent reduced salaries or number of employees. I have the payroll documents showing all 4 people were employed all last year at the same salaries . What should I do with the forgiveness application so it doesn’t look like I lost an employee? List each one as a FTE?

                                                This comment refers to an earlier version of this post and may be outdated.

                                                Jessica Dinsmore

                                                Hi Irene,

                                                Your question is a little confusing — I’m not sure I understand. Do you have three full-time employees and one part-time employee? If that person isn’t a FTE, you can’t put that on the forgiveness application. Instead, you will have to go through the calculations on the application and assign that person a value of 0.5. So, instead of 4 FTE, your number will be 3.5. This will, of course, reduce your amount of loan forgiveness. I hope that answers the question you were asking.

                                                  This comment refers to an earlier version of this post and may be outdated.

                                                  Mary

                                                  Does FICA expense paid by employer, qualify for the “other expense” on the PPP loan?

                                                    This comment refers to an earlier version of this post and may be outdated.

                                                    Jessica Dinsmore

                                                    Hi Mary,

                                                    The application states:

                                                    The Act expressly excludes the following: Federal employment taxes imposed or withheld between February 15, 2020 and June 30, 2020, including the employee’s and employer’s share of FICA (Federal Insurance Contributions Act) and Railroad Retirement Act taxes, and income taxes required to be withheld from employees.

                                                      This comment refers to an earlier version of this post and may be outdated.

                                                      JIM FROST THOMPSON

                                                      My company is nearing the end of the 8 week period and will be very close to 100% forgiveness. Obviously, using the 24 week period, we will be well over the 100% forgiveness. If we choose the 24 week period, do we have to wait until the end of the period to apply for forgiveness or once we meet the 100% mark, can we apply for forgiveness at that time?

                                                        This comment refers to an earlier version of this post and may be outdated.

                                                        Jessica Dinsmore

                                                        Hi Jim,

                                                        We haven’t seen anything indicating that there is any sort of timeline for applying for forgiveness early. Our understanding is that a borrower can go ahead and apply for forgiveness with their lender without waiting until the end of the 24 weeks.

                                                          This comment refers to an earlier version of this post and may be outdated.

                                                          SHERI HENNEBERRY

                                                          If I am a partnership or corporation and pay myself rent can I deduct the rent as a qualified other expense?

                                                            This comment refers to an earlier version of this post and may be outdated.

                                                            Jessica Dinsmore

                                                            Hi Sheri,

                                                            The rules state that for rent to be a qualified expense for loan forgiveness, it must be rent that is paid under a lease agreement that was in force prior to February 15, 2020.

                                                              This comment refers to an earlier version of this post and may be outdated.

                                                              Judy P

                                                              I have been wading thru all the information on the web but am unable to find the answer to my question. We pay for our employee’s uniforms and are wondering if this is a qualified expense to be forgiven under the PPP loan.

                                                                This comment refers to an earlier version of this post and may be outdated.

                                                                Jessica Dinsmore

                                                                Hi Judy,

                                                                As far as we can tell, uniforms aren’t specifically mentioned as a forgivable expense — at least not yet. Hopefully, the SBA will offer more clarity in the coming days and weeks.

                                                                  This comment refers to an earlier version of this post and may be outdated.

                                                                  Lloyd

                                                                  Regarding PPP expense forgiveness (under the 25% non-payroll portion of our loan), what qualifies as legitimate “transportation” expenses? Gas for our vehicle fleet? Mileage reimbursements for employees using their own vehicles (reimbursed at the federal mileage rate)? Maintenance of vehicle fleet, etc?
                                                                  thanks!

                                                                    This comment refers to an earlier version of this post and may be outdated.

                                                                    Jessica Dinsmore

                                                                    Hi Lloyd,

                                                                    This is a great question. The SBA hasn’t defined what’s covered under transportation to our knowledge. However, in its April 20th interim final rule, the SBA does mention that “gas you use driving your business vehicle” does fall under “business utility payments” that are eligible for PPP loan use. Based on that, our interpretation is that gas for business vehicles would for sure be covered. However, we aren’t so sure about general maintenance costs because the SBA seems otherwise unclear about transportation/utilities.

                                                                      This comment refers to an earlier version of this post and may be outdated.

                                                                      Madelyn White

                                                                      Dear Jessica,
                                                                      My payroll for 2019 contained 2 full time and 2 part time workers. This is the gross payroll amount I used for the PPP loan application. Now all of a sudden I am reading it is ‘full time employees’. Will I be penalized or have a reduction in my forgiveness as I am spending the same amount in payroll as I have not reduced the employees or their hours in the loan forgiveness time frame,( nor do I intend to)?

                                                                      Please help as I cannot find any mention of part time workers. Payroll liabilities are paid on a weekly basis, quarterly payroll is done my accountant with all the proper forms. I appreciate your answer.

                                                                      Regards,
                                                                      Madelyn

                                                                        This comment refers to an earlier version of this post and may be outdated.

                                                                        Jessica Dinsmore

                                                                        Hi Madelyn,

                                                                        You will have to calculate the average number of hours of your employees (full and part-time) and you’ll use this calculation to determine if you have full loan forgiveness. The PPP Forgiveness application states:

                                                                        “This calculates the average full-time equivalency (FTE) during the Covered Period or the Alternative Payroll Covered Period. For each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. The maximum for each employee is capped at 1.0. A simplified method that assigns a 1.0 for employees who work 40 hours or more per week and 0.5 for employees who work fewer hours may be used at the election of the Borrower. This calculation will be used to determine whether the Borrower’s loan forgiveness amount must be reduced due to a statutory requirement concerning reductions in full-time equivalent employees. “

                                                                          This comment refers to an earlier version of this post and may be outdated.

                                                                          Dave Jay

                                                                          Thank you for your informative article.

                                                                          I am a self employed sole proprietor, and was approved.

                                                                          Am I able to use 100% of the loan to pay myself?

                                                                          If so, may I do so by transferring each payment amount (I am typically paid monthly, so I would break the loan in two during the 8 weeks), from my business checking account into my personal checking account, and printing the receipt as proof? Can I do this and still have the loan forgiven?

                                                                          Also, I work from home, so not sure how much of my rent and utilities to apply to loan. Therefore, would it be safer for me to just pay myself 100% of the loan as income?

                                                                          Hope my questions are clear.

                                                                          Thank you for your time and consideration.

                                                                            This comment refers to an earlier version of this post and may be outdated.

                                                                            Jessica Dinsmore

                                                                            Hi Dave,

                                                                            You can potentially use 100% of the loan on payroll if you want (75% is the minimum). Assuming that you applied for the loan based on just having one employee (yourself), what you’re describing could be fine, but it depends how much you were approved for. You can’t pay yourself more than $100K or give yourself a big raise. And certainly, a percentage of the loan could be spent on home office costs as well. This post on PPP for Self-Employed might be helpful to you.

                                                                              This comment refers to an earlier version of this post and may be outdated.

                                                                              jessica

                                                                              Hi, if I got my PPP founds on May 4th and My payroll is from 1-15 and 16-end of the month, can I start the 8 weeks of payroll en May 16 to July 15?

                                                                                This comment refers to an earlier version of this post and may be outdated.

                                                                                Jessica Dinsmore

                                                                                Funds should be used for payroll for the eight-week period starting from the date that funds were disbursed. In this case, that would be May 4th, and it looks like the eight-week period would run through June 29. Any payroll that’s run between those two dates can be forgiven, even if it hasn’t been paid yet. (i.e., in this case, payroll run from June 15 to 29 could be forgiven, even if it’s not actually paid to employees until July.)

                                                                                  This comment refers to an earlier version of this post and may be outdated.

                                                                                  Amelia Berger

                                                                                  What about GL and WC? Could these be considered “Utilities”?

                                                                                    This comment refers to an earlier version of this post and may be outdated.

                                                                                    Jessica Dinsmore

                                                                                    Hi Amelia,

                                                                                    The application defines utilities as “Electricity, gas, water, transportation, telephone or internet access, for which service began before February 15, 2020.”

                                                                                      This comment refers to an earlier version of this post and may be outdated.

                                                                                      Janice Reid

                                                                                      Can someone clarify this for me? If two of the five employees got a 50% pay cut due to not meeting sales goals, are we completely disqualified from loan forgiveness or just subject to a partial reduction? Also, if we hired someone February 2, 2020, but terminated them May 4th, 2020, for performance issues and want to wait to rehire, are we completely disqualified from receiving any loan forgiveness?

                                                                                        This comment refers to an earlier version of this post and may be outdated.

                                                                                        Jessica Dinsmore

                                                                                        Hi Janice,

                                                                                        You must maintain the average number of employees and wages that you listed on your application in order to qualify for full forgiveness. If you don’t maintain these averages, some of the principal will be forgiven but a portion (based on the number of employees that were let go and how payroll costs were reduced) will have to be repaid. While it’s certainly fine that you cut employees, you would need to rehire and maintain your numbers through the 8-week duration of the loan to qualify for full forgiveness.

                                                                                          This comment refers to an earlier version of this post and may be outdated.

                                                                                          Amie Diaby

                                                                                          Hi, I am self employed business owner I have a hair salon. I have people that work with me. I got approved for the ppp loan I have 6 employees I pay them in commission and In cash, what are some things I can do for me to be eligible for the payment forgiveness Plan and also can I pay myself with the ppp loan?

                                                                                            This comment refers to an earlier version of this post and may be outdated.

                                                                                            Jessica Dinsmore

                                                                                            Hi Amie,

                                                                                            I think you’ll find the answers to all those questions and more within this post! Check it out and let us know if you have any additional questions. Congrats on your PPP loan approval!

                                                                                              This comment refers to an earlier version of this post and may be outdated.

                                                                                              rick vanduzer

                                                                                              Question if you only bring back 50% of your payroll in the 8 week period after your loan is funded you will lose 50% of your payroll funding. Would you also lose 50% of your non-payroll funding?? or would you be able to spent the entire 25% of non-payroll funding?

                                                                                                This comment refers to an earlier version of this post and may be outdated.

                                                                                                Jessica Dinsmore

                                                                                                Hi Rick,

                                                                                                The good news is you won’t lose any of that money! The not so good news is that if it doesn’t go to payroll then you lose the option for that amount to be forgiven.

                                                                                                  This comment refers to an earlier version of this post and may be outdated.

                                                                                                  La Vie

                                                                                                  Hey! this is a very interesting article, these are the important rule for qualifying loans.

                                                                                                    This comment refers to an earlier version of this post and may be outdated.

                                                                                                  Leave a Reply

                                                                                                  Your email address will not be published. Required fields are marked *

                                                                                                  Your Review

                                                                                                  Comment moderation is enabled. Your comment may take some time to appear.
                                                                                                  Please read the "User Review and Comment Policy" before posting.

                                                                                                  Share

                                                                                                  Featured Offer: We Recommend QuickBooks 🎉

                                                                                                  Get 50% QuickBooks Online for a limited time!

                                                                                                  Take it for a spin with a free trial.

                                                                                                  Try QuickBooks Today

                                                                                                  We Recommend Fattmerchant 🏆

                                                                                                  Fattmerchant is one of our top picks for credit card processing!

                                                                                                   

                                                                                                   

                                                                                                  We love Fattmerchant's predictable pricing and excellent service.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend Brex Corporate Card for Startups 🏆

                                                                                                  Brex Corporate Card for Startups is one of our top picks for business credit cards!

                                                                                                   

                                                                                                   

                                                                                                  For a limited time get 50,000 rewards points when you spend $1000 with Brex.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend PaymentCloud 🏆

                                                                                                  PaymentCloud is one of our top picks for credit card processing!

                                                                                                   

                                                                                                   

                                                                                                  We love PaymentCloud's predictable pricing and excellent service.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend PaymentCloud 🏆

                                                                                                  PaymentCloud is one of our top picks for credit card processing!

                                                                                                   

                                                                                                   

                                                                                                  We love PaymentCloud's predictable pricing and excellent service.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  ⭐️ Featured Promo! ⭐️

                                                                                                  Sign up now and qualify for a limited time deal!

                                                                                                  Standard Plan: One month free ($29.95 value)
                                                                                                  Plus Plan: Two months free ($159.90 value)
                                                                                                  Pro Plan: Three months free ($899.85 value)

                                                                                                  Learn More

                                                                                                  At BigCommerce

                                                                                                  We Recommend Fattmerchant 🏆

                                                                                                  Fattmerchant is one of our top picks for credit card processing!

                                                                                                   

                                                                                                   

                                                                                                  We love Fattmerchant's predictable pricing and excellent service.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend Helcim 🏆

                                                                                                  Helcim is one of our top picks for payment processing!

                                                                                                   

                                                                                                   

                                                                                                  Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. Get three months free when you sign up with Helcim through our links!

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend PaymentCloud 🏆

                                                                                                  PaymentCloud is one of our top picks for credit card processing!

                                                                                                   

                                                                                                   

                                                                                                  We love PaymentCloud's predictable pricing and excellent service.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend OnDeck 🏆

                                                                                                  OnDeck is one of our top picks for Business Loans!

                                                                                                   

                                                                                                   

                                                                                                  OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  Get 50% Off FreshBooks ✨

                                                                                                  FreshBooks accounting is offering 50% off of their accounting and invoicing software for three months and a 30-day free trial!

                                                                                                  Start For Free

                                                                                                  No credit card required

                                                                                                  We Recommend ShopKeep POS 🏆

                                                                                                  ShopKeep POS is one of our top picks for Point of Sale software!

                                                                                                   

                                                                                                   

                                                                                                  ShopKeep is offering free eCommerce tools and free online ordering for all existing and new customers for the next 3 months!

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend Fundera 🏆

                                                                                                  Fundera is one of our top picks for SBA loans!

                                                                                                   

                                                                                                   

                                                                                                  Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7(a)loans alongside other financing options.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend ShippingEasy 🏆

                                                                                                  ShippingEasy is one of our top picks for shipping software!

                                                                                                   

                                                                                                   

                                                                                                  ShippingEasy got a 5-star review from our team. Get a 30-day free trial to access discounted USPS and UPS shipping rates and print labels in no time. No credit card required.

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.

                                                                                                  We Recommend Square POS 🏆

                                                                                                  Square POS is one of our top picks for Point of Sale!

                                                                                                   

                                                                                                   

                                                                                                  Square is free to use and include a free card reader at sign up! No credit card required to create your account.👌

                                                                                                  Get Started

                                                                                                  Get started with no commitment today.


                                                                                                   

                                                                                                  Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

                                                                                                  Sign up for the Maverick Newsletter

                                                                                                  • We occasionally send out emails with special offers.