PPP loans can help your business
1% loans may be up to
Loans forgiven if used for eligible payroll, utilities, rent, mortgage interest, and some operation expenses. Any amount not forgiven will have a 1% interest rate.
Based on 2019 or 2020
payroll (or profit)
Loans up to $2 million, with max amount based on average monthly payroll (or net revenue if a sole proprietor) for 2.5 months (3.5 months for food/hotel industry).
Payments deferred up to
The PPP Flexibility Act defers borrower payments on all PPP loans up to 10 months after the end of the borrower’s loan forgiveness covered period.
PPP loan checklist
See a list of documents you'll need to apply
Here is a list of some key documents you may need to complete the Payroll Protection Program application.Read more