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CARES ACT

COVID-19 Paycheck Protection Program

CARES ACT

Offering 1st and 2nd ROUND
PAYCHECK PROTECTION PROGRAM (PPP) FOR BUSINESSES

2nd Round PPP: 

  • Paycheck Protection Program is offering a 2nd round loan to businesses under 300 employees, with loan calculated at 2.5 times payroll
  • Loan can be used for payroll and overhead
  • Business must demonstrate at least a 25 percent reduction in gross receipts in the first, second, or third quarter of 2020, relative to the same 2019 quarter
  • If compliant, funds can be forgiven by the US government for maintaining a level of business activity & remaining compliant- above applies to Profit and Not for Profit

1st Round PPP:

  • Paycheck Protection Program is offering small businesses under 500 employees loan amount calculated at 2.5 times payroll
  • Loan can be used for payroll and overhead.
  • If compliant, funds can be forgiven by the US government for maintaining a level of business activity & remaining compliant- above applies to Profit and Not for Profit
  • Above is subject to change based on SBA guidelines
  • Please provide a valid email address. This will be the primary form of communication for the loan process.
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