September 19, 2021

MP Now News

Mortgage News

Blue Ridge Bank and SK2 Capital Launch EasyPPPzy™ Online Platform for Self-employed Workers to Receive Forgivable PPP Loans

RICHMOND, Va .– () – Blue Ridge Bank, NA (“Blue Ridge Bank”), the national banking subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced its continued partnership with SK2 Capital Inc. upon the launch of its EasyPPPzy ™ Online platform following news that Small Business Administration’s Payment Protection Program (“PPP”) application deadline has been extended to May 31stst. The EasyPPPzy ™ The platform is a digital PPP application portal built from the ground up to help apply for and distribute unsuccessful PPP loans to self-employed and independent contractors.

Gig Economy employees, freelancers, drivers and contractors can now complete their PPP application 100% online using the EasyPPPzy ™ online platform from SK2 Capital, supported by Blue Ridge Bank as the exclusive lender. All self-employed, whether gig economy employees, sole proprietorships or contractors, can apply for PPP financing in just five minutes www.easypppzy.com.

“Self-employed professionals, including freelancers and gig economy workers, are an integral part of our economy and we recognized early on that they face significant barriers to accessing COVID-19 aid,” said Roger Saad, CEO and Founder of SK2 Capital. “We have endeavored to change that through the use of technology to make it easier for eligible individuals to access PPP loans online and apply for a PPP loan. Our new platform allows us to offer our services to everyone for free, regardless of how small their loans may be. ”

Blue Ridge Bank and SK2 Capital first partnered in March 2020 when PPP was announced under the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Blue Ridge Bank was the exclusive financing partner for all SK2 Capital customers eligible for PPP financing. The partnership has since expanded to include the EasyPPPzy ™ online service.

“We are pleased that SK2 Capital has decided to extend its partnership with Blue Ridge Bank,” said Michael Knotts, senior vice president of guaranteed lending and business development at Blue Ridge Bank. “Our shared commitment to supporting Main Street resulted in hundreds of small businesses across America gaining access to critical funding. We look forward to continuing our work together to reach even more borrowers for access to this crucial funding, especially the long tails of small businesses that have had the greatest difficulty in accessing PPP funds to date. ”

The EasyPPPzy ™ platform was developed to optimize, simplify and support all authorized self-employed persons in obtaining a PPP loan via an intuitive online platform. It is backed by The NoCheck Group LLC’s award-winning financial services platform to ensure the security and privacy of all applicants’ private financial information. The platform has already assisted customers with loans that have been approved in accordance with the new rule changes announced by the Small Business Administration on March 5thth.

Via the Blue Ridge Bank

Blue Ridge Bank, NA, is the wholly-owned banking subsidiary of Blue Ridge Bankshares, Inc. Through its subsidiaries and affiliates, Blue Ridge Bank provides a wide range of financial services including personal and commercial banking, payroll, insurance, card payments, wholesale and mortgage lending for private customers and government-guaranteed loans. The bank provides commercial banking services to clients across Virginia and North Carolina. Visit mybrb.com to learn more.

About SK2 Capital Inc.

SK2 Capital Inc. (www.sk2capital.com) is a financial services and fintech company that aims to provide underserved SMEs with access to financial resources and services through engagement and innovation. Our goal in these turbulent and uncertain financial times is to give as many small businesses and self-employed professionals as possible access to the financial services and advice they need to help their businesses survive and grow.