HOW DOES IT WORK?

"The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis."

This loan was made for you!

1% INTEREST

NO COLLATERAL REQUIRED

5 YEAR MATURITY

8- or 24-WEEK ALLOCATION PERIOD

10 MONTH DEFERRAL

LOAN FORGIVENESS

  • If funds are used for:​

    • Payroll costs ​

    • Interest on mortgages

    • Rent

    • Utilities

  • Based on employer maintaining salary levels (inclusive of rehires)

  • Reduced if full-time headcount declines or salaries/wages decrease

  • Balance after, turns in to a loan

60% of forgiven amount MUST be used for payroll
Contact Info

Address:

Rainbow PUSH Coalition

930 E 50th St,

Chicago, IL 60615

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