Founded in 2011, Womply is a local commerce platform that provides apps, APIs, marketing, and financial tools to make local commerce happen for over 500,000 American businesses and their customers. Womply’s mission is to help local businesses thrive in a digital world. To learn more about our referral program: press inquiries to Justin Davies: Womply Learn more about the PPP program at /ppp/faq And we are expanding our referral and affiliate programs to reach new applicants who can put PPP money to work rebuilding America.” “We are supporting nearly 100 other companies that have small business customers or workers to help them all get access to the PPP program. “With the latest round of PPP funding we’ve deployed our data platform to help with eligibility, qualification, business verification, fraud detection, and streamlining applications,” said Womply founder and CEO, Toby Scammell. Businesses with employees may receive a total of $12m. Eligible non-employers that did not receive PPP stimulus in 2020 may be eligible for two PPP stimulus loans of up to $20,833 each (a so-called First Draw and Second Draw). If they act quickly, non-employers can receive immediate emergency PPP stimulus in amounts ranging from $1,000 to $41,666.
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It’s free to apply and there is no credit check either for the individual or business. Applications take less than thirty minutes to complete. When in doubt, they should apply,” said Womply founder and CEO, Toby Scammell.īorrowers don’t need a registered business entity, business license, official place of business, business bank account, accountant, lawyer, or business banker to apply. “Non-employers don’t think of themselves as “small businesses” and therefore they don’t apply for the PPP even though they’re eligible. People who work as contractors, truckers, housekeepers, farmers, gardeners, creators, resellers, and real estate agents may qualify.
Womply has helped tens of thousands of gig workers and micro-businesses apply for PPP stimulus including those that receive payments from companies such as Airbnb (ABNB), DoorDash (DASH), Etsy (ETSY), Fiverr (FVRR), Shopify (SHOP), Square (SQ), Uber (UBER), Upwork (UPWK), Wix (WIX). Non-employers include workers with independent contractor earnings, self-employed income, or people who consider themselves sole proprietors. Womply has helped more than 100,000 non-employers access PPP stimulus so far. Therefore, nearly 80% of eligible borrowers have not yet benefited from this program. Government data from the Small Business Administration shows that only 6.1m PPP loans have been issued since the program launched last year.Womply estimates that up to 30 million individuals and businesses are eligible for PPP loans. Year over year, Womply’s average loan size has fallen by 63% to $22,000-a direct result of our efforts to reach underserved, minority, and under-banked borrowers. So far in 2021, Womply has helped another 150,000 businesses access the latest round of PPP. In 2020, Womply helped more than 100,000 small businesses access the PPP program, and the average loan size for our customers was $59,000. Our data shows that PPP stimulus has saved hundreds of thousands of businesses and protected millions of jobs. We are proud to have partnered with talented and tireless public servants at the Small Business Administration and Treasury Department to make the PPP successful.
SAN FRANCISCO-( BUSINESS WIRE)-As of today, 250,000 small businesses have used Womply-the local commerce platform-to apply for the Paycheck Protection Program (PPP).
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