The Spanish Broadcasting System LaMusica App will be used to help small businesses apply for Small Business Administration loans. Benworth Capital is a partner in accessing Payment Protection Program loans.
In the second round of the PPP program, small businesses with 300 or fewer employees and 1099 employees may be eligible for the loans. The partners hope to help employees with limited access to traditional funding sources to apply.
“It is important that interested borrowers act quickly and apply,” said Bernie Navarro, President, Benworth Capital. “We are pleased to be working with the LaMusica App to provide small businesses with an easy way to access this very important financial relief from the SBA, while providing very personalized service.”
“This partnership with Benworth Capital demonstrates our commitment to the Hispanic community,” said Albert Rodriguez, COO, SBS. “We both want to ensure that small businesses which sometimes need more of our support are not left behind.”
The application period ends on May 31, 2021, or until available funds are exhausted.