LOS ANGELES — Free Speech Coalition (FSC) has teamed with community development financial institution (CDFI) blueacorn to help industry members and business owners apply for first- and second-round Payment Protection Program (PPP) loans.
The text of today's announcement follows:
Free Speech Coalition has partnered with CDFI (community development financial institution) blueacorn to create an industry-specific tool for members of the adult industry to apply for first- and second-round Payment Protection Program (PPP) forgivable loans successfully.
"During the first round of PPP loans, too many adult businesses and independent contractors didn’t apply or didn’t believe they qualified," said Michelle L. LeBlanc, Executive Director of FSC. "Our businesses deserve the same access to relief funds as those in other industries. Through our partnership with blueacorn, we’re able to give our members access to specialized resources that have greatly simplified the process of applying for second-round PPP loans."
The FSC PPP site guides adult businesses and talent through the process of securing a forgivable loan. It is specifically tailored to LLCs, contractors who receive 1099s and self-employed individuals. The process begins with a 60-second quiz to find out if you qualify. After that, it takes 10 minutes to apply and one-to-two days to be approved. If approved, your loan will be funded in less than a week.
"Blueacorn’s partnership to create FSCPPP.com is the first step towards equal banking for all FSC members. The sexual health industry is often overlooked by the financial industry. Having owned multiple eCommerce sites in the pleasure products industry, I know first-hand how hard it can be,” said blueacorn’s Matt Mandell.
The FSC PPP site is free to use. There are no fees associated with obtaining a PPP loan, and the proceeds are 100% forgivable if used according to the guidelines. Visit the FSC PPP site for more information about qualification, loan terms and forgiveness.