Jan. 16, 2020, New York — Paybby launches the ‘Together We Can’ platform to help minority entrepreneurs and small businesses. We want to help these communities access the second round of funding released by the SBA. Paybby is a Public Benefit Challenger Bank built to empower minority communities to pay less for banking, build wealth, and end financial unfairness.
The second wave of the Paycheck Protection Program (PPP) will be the first opportunity to benefit from this critical program launched by the SBA for many of our customers. We are glad to to help ensure small businesses have the financial support they need during these difficult times,” said Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bank. “The SBA relaunched this program to help small businesses that are vital parts of the community they serve. We strongly encourage entrepreneurs in need of financial assistance to apply.”
Small businesses with less than 300 employees that previously received the First Draw PPP Loan and will use it or that can demonstrate a 25% drop in their income between 2019 and 2020 are eligible to apply. “With this news, we rushed to make sure the ‘Together We Can’ platform would be ready for founders to apply,” said Hassan Miah, Paybby’s founder. We’re happy to announce our partnership with Blue Ridge Bank, one of many partners we will be unveiling over the next few weeks to offer this platform to their clientele.
Paybby’s ‘Together We Can’ platform will be able to help their business and individual clients process their applications in 15 minutes or less. To learn more about the platform, please visit www.paybby.com/togetherwecan.
Paybby (pronounced pay-baby) is a consumer finance technology company seeking to offer black and brown communities what they truly need — a bank offering more targeted services, financial empowerment through education, innovative personal finance tools, and a financial institution that cares about long-term well-being.
ABOUT BLUE RIDGE
Blue Ridge Bank, N.A. is the wholly-owned bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS) which, through its subsidiaries and affiliates, provides a wide range of financial services including retail and commercial banking, payroll, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending.