#CyberFit Financing

Access special funding to help your business survive and grow during challenging times

Financial Aid for COVID-19 Pandemic

The U.S. government’s Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.

As a small business, the Paycheck Protection Program offers you*

Loan Sizes

of 2.5x of your average total monthly payroll, up to $10 million

Expense Support

for payroll, mortgage, lease, mortgage interest, utilities, equipment leases, etc.

Loan Forgiveness

is possible if you maintain your payroll during the crisis or restore it afterward

Low Rates

Just 1% APR for the entire life of your Paycheck Protection Program loan

Deferred Payments

Payments deferred for the first six months and up to 12 months for some qualifying borrowers

Flexible Terms

Spread out payments over a two-year term to make your loan more affordable

Get the Financial Support You Need

You can apply for a loan starting April 3, 2020

Who Qualifies

There are two simple criteria to be eligible

Company Size

Your company employs fewer than 500 people

COVID-19

You can show COVID-19 hurt your business

Who is Lendio?

A trusted partner of Acronis, Lendio is a marketplace that shows you all your loan options in one place. Their 15-minute application is easy to complete and their personal funding managers advocate on your behalf to help you find the loan that’s right for your small business.

Best of all, they can often connect you to financing in as little as 24 hours after approval.

Apply

Fill out the application. There’s no fee, no obligation, and it won’t affect your credit.

Compare

Explore the financing options available to you and we’ll help you choose the best one.

Succeed

Get the capital you need in as little as 24 hours so you can get back to running your business.

Looking for Help?

Frequently Asked Questions
What Is the Paycheck Protection Program?

Recently added as an SBA loan program as part of the CARES Act, it provides $329 billion in federally guaranteed loans to eligible small businesses to help them retain employees throughout and after the coronavirus / COVID-19 pandemic.

 

The program covers operational expenses from February 15, 2020 through June 30, 2020, and you can apply as early as Friday, April 3, 2020.

What does a Paycheck Protection Program loan cover?
  • Payroll costs and employee commissions or similar compensations
  • Insurance premiums and group healthcare benefits during paid sick, family, or medical leave
  • Mortgage interest payments (but not prepayment or payment of mortgage principal)
  • Commercial space rent and utilities
  • Interest on any other debt obligations incurred before the covered period
Who can apply?

All businesses with 500 or fewer employees can apply, including nonprofits, veterans organizations, tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors.

 

Some industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries.

What do I need to apply?

The date you started your business (must be before February 15, 2020).

 

Documentation to verify your average monthly payroll costs, including:

  • Payroll costs include salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee).
  • Employee benefits including costs for vacation, parental, family, medical, or sick leave; an allowance for separation or dismissal.
  • Payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit.
  • State and local taxes assessed on compensation.
  • For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.
How can I earn loan forgiveness?

You may be eligible to have all or a portion the loan principal forgiven if you use the funds for qualifying costs incurred and payments made for payroll, mortgage interest, rent and utilities during the first eight weeks following the date the loan is made. You will have to provide documentation.

 

Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to the likely high subscriptions, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for six months.

Official Information

Acronis #CyberFit Financing is designed to provide easy access to the funds available through the CARES Act. For additional details about the act’s assistance to small businesses, refer to the U.S. Department of Treasury resource page.

Stay Safe. Stay Informed.

Given the fast-changing impact that the coronavirus pandemic is having on the business and IT landscapes, we have launched a central resource page where you can get up-to-the-minute details about the Acronis response to COVID-19.