FLEETCOR and BlueVine Simplify Application Process for Paycheck Protection Program

Partnership enables easy application and fast approval for FLEETCOR customers

FLEETCOR Technologies, Inc., a global leader in business payments, is helping businesses apply for government relief funding through the Small Business Administration’s (SBA) Paycheck Protection Program. FLEETCOR has engaged with BlueVine, a provider of small business banking, to deliver this critical support to its small business customers.

“We are excited to partner with FLEETCOR on this crucial relief effort to support and protect the millions of small businesses that are in need of help amidst the COVID-19 crisis.”

Created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program (PPP) provides eligible small businesses with cash-flow assistance through 100% federally guaranteed l**** that can function like non-taxable grants. Through BlueVine, FLEETCOR customers can easily apply online for PPP l****. BlueVine’s technology and experienced advisors are helping businesses quickly get access to these funds, which businesses can use for payroll costs. Although the first round of $349 billion in funding for the PPP was exhausted soon after the program launch in early April, Congress has recently passed an additional $310 billion in funds for the program.

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“Small businesses around the country will continue to inject their drive, ingenuity, and hard work into the communities in which they operate, but we want to make it easier for them to do so in the midst of this challenging pandemic,” said Alexey Gavrilenya, Group President North America Fuel. “Our customers need assistance to navigate through roadblocks and processes, and our engagement with BlueVine will deliver this much needed support.”

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BlueVine’s loan application process, including retrieving loan numbers from the SBA, is automated and online. Most U.S. small businesses with 500 or fewer employees that have been in operation before February 15, 2020, are eligible to apply for PPP l**** including sole proprietorships, independent contractors, eligible self-employed individuals, non-profit organizations, and tribal businesses.

“Our PPP loan application is fast, convenient, and available to all backgrounds and businesses, even if they haven’t worked with BlueVine before,” said Eyal Lifshitz, Co-founder and Chief Executive Officer of BlueVine. “We are excited to partner with FLEETCOR on this crucial relief effort to support and protect the millions of small businesses that are in need of help amidst the COVID-19 crisis.”

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