Nationwide business owners can now enroll for loans under the Small Business Administration’s Second Cycle Paycheck Protection Program (PPP) through Eastern Union, one of the largest nationwide commercial real estate finance companies.
During the first round of PPP in the spring, Eastern Union – at no cost to applicants – negotiated more than 10,000 loan applications for employers across the country. The company will re-negotiate the applications at no cost to loan applicants.
“The earlier a PPP loan application is submitted, the better its chances of being funded,” said Ira Zlotowitz, founder and president of Eastern Union. “Building on our tremendous success in P3 loan brokerage, we urge business owners to act quickly to get their loan applications integrated into the system.
“By tapping into our multi-billion dollar bank resources network,” he said, “Eastern Union has the proven expertise to cut government red tape and quickly execute loan approvals. “
Individual businesses can register now through Eastern Union by visiting https://easternunion.com/therealdeal.
“Eastern Union is proud to have been among the first brokerage firms nationwide to launch this program for free,” said Zlotowitz. “We are calling on employers to act now to queue for PPP assistance. We also urge employers to notify other businesses of the immediate availability of our registration platform. “
The Paycheque Protection Program offers loans designed to directly incent small businesses to keep their employees on the payroll while covering operating expenses. The SBA will cancel loans if employee retention criteria are met and funds are used for qualifying expenses.
About the Eastern Union
Founded in 2001, Eastern Union is a leading national commercial mortgage brokerage firm employing over 125 real estate brokers and professionals and closing $ 5 billion in real estate transactions every year.
With one of the highest transaction volumes in the industry, the Eastern Union team leverages its relationships with banks and market knowledge to offer clients the best available rates.
The company arranges financings for complex, multi-state and multi-site portfolios, as well as loans for smaller, unique real estate transactions. The Eastern Union multifamily group reset market prices by introducing an unprecedented quarter point fee – with no return fees – for the refinancing of multifamily properties backed by Fannie Mae or Freddie Mac, deals known as the name of “agency refinancing”.
Eastern Union’s revolutionary app serves as a smart toolkit for commercial real estate. Its eCALC feature allows investors to fully assess and underwrite transactions instantly and in the palm of their hand. It is available for download from the App Store and the Google Play Store.
With nationwide operations, Eastern Union is headquartered in new York, with several branches along the east coast.
Eastern Union’s IPOs are managed through its affiliate, Eastern Equity Advisors.
For more information on the Eastern Union, visit https://easternunion.com.