Since shelter-in-place orders blanketed the country four months ago, restaurants have been grappling with the economic repercussions of COVID-19.
As an essential service and business partner to thousands of restaurants across the country, DoorDash has been busy helping our merchant partners navigate this ever-changing “new normal.”
Through early conversations with our restaurant partners, we learned that many restaurateurs, especially those running small, independent businesses, were finding it difficult to navigate the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan application to receive funds necessary for payroll, utility, and rent expenses. For some of our restaurant partners, these loans were critical to ensuring they could navigate the crisis. So, we set out to find a strategic partner who could help our merchants, and especially the smaller businesses, apply for these loans.
Our Partnership with BlueVine
To make PPP loans more accessible to our merchants, we partnered with fintech leader BlueVine to provide a customized PPP application for DoorDash merchant partners. BlueVine provides simple, fast, and intuitive banking services and is among the top fintech PPP participants, having delivered more than $4 billion in PPP loans so far. We selected BlueVine because of their advanced technology that enabled fast loan application processing, day-of funding capabilities, and commitment to