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