As of May 5th, 2021, PPP applications are no longer being accepted.
Applicants that have already received an E-Tran number are still eligible to receive their reserved funds.

ALL BEAUTY PROFESSIONALS & BUSINESSES WHO RECEIVED PPP $

YOU ARE ELIGIBLE TO HAVE YOUR PPP LOAN FORGIVEN

THE PBFC WAS PROUD TO ASSIST YOU IN RECEIVING THESE FEDERAL RELIEF FUNDS. 
Now Let Us Help You Clear This Debt!

Forgiveness Process & Timing:
Online application process through your lender.
You can apply for forgiveness any time after the funds are spent, up to the point that the loan matures (10 months).
We recommend that you apply for forgiveness before loan payments are due to otherwise begin (10 months after disbursement)

How do I get my PPP Loan Forgiven?

First and Second Time Borrowers qualify for full loan forgiveness if you do the following within 8-24 weeks of receipt of PPP:
Salons/Businesses with Employees:
Spend at least 60% of the funds on payroll, inclusive of Benefits and Taxes
The balance can be spent on Business Rent or Mortgage Interest, Utilities, Personal Protection Equipment (masks, sanitation spray/wipes, etc), and Supplies.
Independents/Renters without Employees:
Spends funds on Payroll, Business Rent or Mortgage Interest, Utilities, Personal Protection Equipment, and Supplies, during the covered period.
The borrower could also claim the automatic owner compensation replacement, equal to 2.5 months of 2019 or 2020 net profit. This is an amount comparable to the allowable loan amount.
Read More about Loan Forgiveness

Begin Your Forgiveness Application

Depending on when you received your PPP, you may be able to submit your application now.
If you applied through Biz2Credit, here is your timeline:
Currently borrowers who received their PPP Loan funds before February 5, 2021, can apply for loan forgiveness now.
Forgiveness will become available on May 24 for loans funded up to February 28, 2021.
If you were funded after February 28, 2021, check back on your Biz2Credit dashboard for an updated timeline.
Start Biz2Credit Application
If you applied through Cross River Bank, your timeline will be announced very soon:
The following products offered on this website are arranged by Adesso and Premier Business Services, LLC in cooperation with the Professional Beauty Federation of California (PBFC). Additional financing options may be available and presented if the applicant does not qualify for a financing option created for PBFC.  Such alternative products may include a Merchant Cash Advance, Invoice Financing, and Consumer Loans.  Products are subject to lender approval and may require the issuance of a Corporate Visa Card to deliver the approved amount or to facilitate payments. All loans made or arranged pursuant to a California Finance Lenders Law License, 60DBO-106199. 
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