Paycheck Protection Program

Paycheck Protection Program

Kingswood can help you get 2.5x your monthly payroll (up to $10M) as a forgivable loan through our funding partners. Funds are limited so apply today.

What is the Paycheck Protection Program?

The Paycheck Protection Program is a specific type of federally guaranteed loan intended to keep America’s businesses going during the temporary turmoil of the global pandemic. The SBA will empower businesses to borrow money based on the average cost of their monthly payroll. The money can be used for payroll costs, employee benefits, insurance premiums, mortgage interest, rent, utilities and more.
Red umbrella in storm

Paycheck Protection Program Highlights

The PPP can be 100% forgivable

Get 2.5x monthly payroll (10wks), up to $10MM

Use it for payroll & other bills like rent & utilities

Businesses of 500 or fewer staff are eligible

No personal guarantee or collateral needed

How Does the Paycheck Protection Program Work?

STEP 1

APPLY

STEP 2

APPLICATION PROCESSES

  • Your application will be reviewed to determine the maximum amount you are eligible to receive
  • Our goal is to arrive at a decision ASAP, but due to the high volume of applications, expect longer than normal processing times
  • Note: Kingswood can only approve amounts up to $10 million

STEP 3

FUNDS DISBURSED

  • We will reach out to let you know what amount you have been approved for and next steps
  • After closing, you can expect to receive your funds within 10 days
  • Submit your ACH banking information to have the funds deposited directly into your account

Who is Eligible?

  • Business must have been in operation as of February 15th, 2020.
  • Businesses must have paid salaries and payroll taxes or paid independent contractors.
  • Sole-proprietors, independent contractors, and other self-employed individuals are eligible.
  • Businesses with no more than 500 employees.
  • 501(c)(3) nonprofit, a 501(c)(19) veteran’s organization, or Tribal business described in section 31(b)(2)(C) of the Small Business Act with 500 or fewer employees are also eligible.
  • The program waives affiliation rules for businesses in the hospitality and restaurant industries, franchises that are approved on the SBA’s Franchise Directory, and small businesses that receive financing through Small Business Investment Company (SBIC).

Small Business Administration Disaster Loans

COVID-19 Relief Programs

Helping Our Customers, Now More Than Ever

Kingswood is here to help your business survive this unprecedented time. Our team has identified 4 types of programs that most affected businesses will qualify for. Your company should evaluate all four areas below:

Paycheck Protection Program

  • 100% Forgiveness available
  • Get 2.5x your monthly payroll (10 wks), up to $10MM
  • Use it for payroll and other bills like rent and utilities
  • Small businesses with 500 or fewer employees are eligible
  • No personal guarantee or collateral needed

Economic Injury Disaster Loan and Advance

  • Apply through the Small Business Administration website
  • Business owners economically impacted by the pandemic can apply for and receive working capital loans of up to $2 million
  • Terms up to 30 years
  • Term loans or lines of credit
  • Uses: To overcome the temporary loss of revenue
  • Applicants can request a $10,000 advance after with application

State & Local Relief Programs

States, localities, and communities of people have stepped up alongside our federal government to offer relief where they know the need is great. Grants and special term loans from $1,000 up to $200,000 are available to keep business owners going – until they can start growing again.

  • Find the information you need about your state’s programs.
  • Connect directly with your state and local funding programs.
  • We are continually working to update this page with the best information available so please check back often for changes.

Additional Aid Programs

The federal government has additional relief programs that can help business owners get through the economic impact of the global pandemic. Learn what is available and make sure your recovery plan has every benefit you can qualify for:

IRS Tax Extension for special payment relief: The Treasury Department and IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak.

SBA Express Bridge Loans: Businesses who currently have a business relationship with an SBA Express Lender are able to access up to $25,000 quickly.

SBA Debt Relief: The SBA is providing financial reprieve to small businesses during the COVID-19 pandemic by paying principal, interest, and fees on some business debt.

We're In This Together

We’re all in this together, and Kingswood is here to help you succeed as a business. We are here to help you work through today’s challenges and access the funding you need to help you get through and move forward.

If you are a current Kingswood customer, speak with a team member to learn more about assistance programs you may qualify for.

Call 888-327-8121 or email info@kingswoodleasing.com

We extend our fullest well wishes for the health and safety of you, your employees, and your family.

Information for Kingswood Equipment Sellers and Referrers Regarding COVID-19

Information for Kingswood Equipment Sellers and Referrers Regarding COVID-19

Is Kingswood open?

Kingswood’s offices are open (8am-8pm EST). All services are functioning as usual, however we are transitioning to a “work–at–home” operating model as part of our broader business continuity plans. Because the situation is dynamic, we will be adapting our plans each day while also planning for longer term implications.

What happens if Kingswood’s offices close?

We have the ability to work remotely from locations across the country, such that our day–to–day operations won’t be affected.

Where can we find the latest information?

Kingswood will update our website, KingswoodLeasing.com, your Partner Portals and will be sending out informational emails if there are changes you need to know. You should always be able to reach your account manager and you can email us at Sales@KingswoodLeasing.com or Info@KingswoodLeasing.com.

How is Kingswood settling with Sellers and Referrers?

We are settling transactions the way we always do; however, in the event our office closes there may be a delay in receiving physical checks from us due to closures or postal service delays. To avoid any interruption, we strongly recommend that you sign up for ACH disbursement. The form can be filled out and submitted online by clicking the link below:

ACH Direct Deposit Enrollment Form: Click Here

Will COVID-19 change who gets approved?

No, but all leasing and lending companies consistently reassess certain underwriting policies and practices to fully consider the current business and economic environment. It’s likely that some changes will be made for some industries. If we see changes, these will be promptly communicated.

Remember everyone at Kingswood is here to help you and your customers succeed. Let us know how we can help!

Women in Business Conference 2019

Women in Business Conference 2019

Kingswood has a tradition of getting involved with our community, and specifically with the University of New Hampshire in Durham NH, whose campus is minutes away from our headquarters.  Recently, we had the honor of sponsoring The UNH Women in Business Conference at the Peter T. Paul College of Business and Economics. Attendees included a vast array of students, alumni, and leaders in the business industry. The W.I.B Conference offered networking opportunities and business lectures that covered subjects such as Branding and Financial advice.

Participants were able to meet the lecturers after each presentation in order to gain insight, ask questions, and exchange ideas comfortably with business leaders and students alike. As a result, the Kingswood employees who attended the event came back with inspired ideas for marketing, business, and their personal lives as well.

We look forward to being a part of future community events.

 

Dover Children’s Home 11th Annual Golf Tournament

Kingswood Hits The Links For Local Charity

The entire staff of Kingswood Leasing was proud to support our 7th consecutive Dover Children’s Home Golf Tournament. This charitable tournament is one of the largest events that the Dover Children’s Home puts on every year, generating much of the needed funding for their non-profit programs for children. Thousands of NH’s most vulnerable children have received exceptional care at DCH since 1893. Their personalized treatment allows the young people that they serve to gain self-confidence and experience significant improvement in their family relationships, decision-making skills, and school performance.

Fundraisers and donations of any kind translate into the program’s ability to provide exceptional care while attempting to provide a positive adolescent experience. DCH is committed to improving the lives of the young people placed in their care by offering a wide array of services, experiences, and opportunities that celebrate each child’s individual strengths and personal needs.

As one of only a few community-based residential treatment programs for children remaining in NH, it is more important than ever for Dover Children’s Home to provide a safe haven for young people to develop the skills they will need to become healthy, productive members of the community.

“After another incredible year at Dover Children’s Home 11th Annual Golf Tournament, we want to say a HUGE thank you for helping us reach our goal of almost $25,000 raised during the event!!!!!  It was an absolutely beautiful day, lots of fun had, delicious food and great company!

We are so very grateful for your support, by golfing in the tournament, buying raffle tickets and bidding on our silent-auction items!  We would never have been able to reach our goal without you all!” – Renee Touhey-Childress, Executive Director, Dover Children’s Home

Hope to see you all at the 12th Annual Dover Children’s Home Golf Tournament in July 2019!!!

We will be there!!!

Dover Children’s Home 10th Annual Golf Tournament

Kingswood Golfs For Favorite Charity

The entire staff of Kingswood Leasing was proud to support and attend our 6th consecutive Dover Children’s Home Golf Tournament. This charitable tournament is one of the largest events that the Dover Children’s Home puts on every year, generating much of the needed funding for their non-profit programs for children. Thousands of NH’s most vulnerable children have received exceptional care at DCH since 1893. Their personalized treatment allows the young people that they serve to gain self-confidence and experience significant improvement in their family relationships, decision-making skills, and school performance.

Fundraisers and donations of any kind translate into the program’s ability to provide exceptional care while attempting to provide a positive adolescent experience. DCH is committed to improving the lives of the young people placed in their care by offering a wide array of services, experiences, and opportunities that celebrate each child’s individual strengths and personal needs.

As one of only a few community-based residential treatment programs for children remaining in NH, it is more important than ever for Dover Children’s Home to provide a safe haven for young people to develop the skills they will need to become healthy, productive members of the community.

“To the Whole Team at Kingswood Leasing,
I cannot say enough Thank You’s to each and every one of you for your ongoing support of Dover Children’s Home! Thank you from the bottom of our hearts for all you have done and continue to do for us! Thank you for wrapping your arms so generously around us!
With much gratitude, Renee” – Renee Touhey-Childress, Executive Director, Dover Children’s Home

The staff of Kingswood Leasing had, yet again, a great time being a part of this event. Almost everyone either volunteered or played in the tournament, which was a lot of fun for everyone involved. We look forward to this event every year and we look forward to supporting the Dover Children’s Home for years to come.

Kingswood Welcomes Bob Janowski

Bob Janowski Joins The Kingswood Team

Kingswood Leasing, Inc. is pleased to announce that Bob Janowski has been added to Kingswood Leasing’s Account Executive Team. Janowski will be responsible for growing opportunities among our vendor network and for securing capital transactions for their business owners.

“Bob has had a remarkable career in the equipment finance industry, securing routine and complex financial solutions for major clients in the printing and packaging industry. He understands the challenges businesses face in funding long-term investments that propels growth. Bob’s background in capital equipment finance makes him uniquely positioned to promote a company’s investment opportunity and find the financial solution that enables that success. I am excited to see Bob’s impact on our business and to our momentum within the Executive team.” – Cliff Metcalfe III, Chief Operating Officer

Janowski’s 40+ years of experience will serve him well as he fulfills the role of a Senior Account Executive. Senior Account Executives manage a book of business that includes small start-up businesses to large Fortune 500 companies, while maintaining superior sales results and above average client satisfaction. Every business is unique and presents singular challenges that only an experienced finance professional can recognize as opportunity and turn into positive ROI for that firm. Janowski has exceptional understanding of the needs of Kingswood Leasing’s clientele and we look forward to his future serving our clients.

More about Kingswood Leasing

Kingswood Leasing Inc., a nationwide full service finance company specializing in providing capital solutions to start-up businesses and the restaurant industry, has provided vendor finance programs for capital equipment transactions of all types and amounts since January 1991. Kingswood Leasing has helped to secure financing for thousands of organizations, from the largest corporations to individually owned businesses.

Kingswood Welcomes Patrick Signer

Patrick Signer Joins The Kingswood Team

Kingswood Leasing, Inc. is pleased to announce that Patrick Signer has been added to Kingswood Leasing’s Account Executive Team. Signer will be responsible for securing capital transactions for business owners from $2,000 to $500,000.

“Patrick brings a great attitude and is committed to superior customer service, which is exactly what we want our clients to experience. I’m excited to see Patrick’s impact on our business and watch him succeed at his new position. He has a great opportunity ahead of him and I look forward to him adding to Kingswood’s momentum.” – Cliff Metcalfe III, Chief Operating Officer

Signer’s superior sales and customer service background will serve Kingswood and himself well as he fills the role of an Account Executive. Account Executives manage a book of business that includes small start-up businesses to large Fortune 500 companies. Every business is unique and presents singular challenges that only an experienced finance professional can recognize as opportunity and turn into positive ROI for that firm. Signer has exceptional understanding of the needs of Kingswood Leasing’s clientele and we look forward to his future serving our clients.

More about Kingswood Leasing

Kingswood Leasing Inc., a nationwide full service finance company specializing in providing capital solutions to start-up businesses and the restaurant industry, has provided vendor finance programs for capital equipment transactions of all types and amounts since January 1991. Kingswood Leasing has helped to secure financing for thousands of organizations, from the largest corporations to individually owned businesses.

9th Annual Bowl-A-Thon

“It Takes A Community To Raise A Child”

The Kingswood Kingpins Strike Back Once Again To Support Local Charity

Kingswood Leasing was proud to take part in the 9th Annual Dover Children’s Home Bowl-A-Thon, doing our part to raise funds for our favorite local charity. This year we were witness to another successful event where 90 teams and approximately 380 bowlers raised just under $27,000! All funds go back into providing the best quality treatment services for at risk youth at Dover Children’s Home.

“Kingswood Leasing was a huge contributor to our event, and we are absolutely thrilled with how the day turned out. Dover Children’s Home is so thankful for all of the support we have received and for everyone who helped make the day such a success!!” ~ Renee Touhey-Childress, Executive Director, Dover Children’s Home

The Kingpins Strike Again!

The entire team had a great time bowling with family and friends, but everyone at Kingswood was especially proud to earn recognition as this year’s top fundraising team. An honor we have now earned in back-to-back events. We would like to recognize some of our top contributors, who we share and owe much of this honor with:

  • Pawnee Leasing
  • Financial Pacific
  • Global Financial

Many more donors pledged and the support was overwhelming. We cannot thank you all enough for your generosity… Thank You, Thank You, Thank You!!

And The Theme-Wear Winner Is?!?!

Not us. Though we had a great time dressing up as Game of Thrones characters in our attempt to win best theme-wear for the event. Kingswood tips our bowling hats to the winner, Keller-Williams Reality, who won with a great ‘Where’s Waldo’ theme. Maybe it was the guy wearing the dress and blonde wig that threw off the judges?

However, not to be outdone, the Kingpins did take home one more illustrious honor… top score for our session! Looks like Daenerys will have to add one more title to her list of names… Daenerys Stormborn of the House Targaryen, the First of Her Name, Queen of Meereen, The Unburnt, Khaleesi of the Great Grass Sea, Protector of the Realm, Queen of the Andals, the Rhoynar and the First Men, Lady Regnant of the Seven Kingdoms, Mother of Dragons, Breaker of Chains… and now the Strike Queen??