Loan forgiven for eligible payroll, utilities, rent, and mortgage interest. Any amount not forgiven will have a 1% interest rate.
Loans up to $10 million, with the max amount based on average monthly payroll x2.5.
Payments on any amount not forgiven will be deferred for six months after the loan is issued.
Check out our article featuring a checklist of everything you'll need to complete the Payroll Protection Program application.Read more