Paycheck Protection Program (PPP)Economic Injury Disaster Loan Program (EIDL)
EligibilityAll for-profits and private non-profitsBusiness physical presence
in disaster area
Loan Amount2 Months of AVG Payroll +25% (Max $100K PP or $10M Total)Up to $2 Million
Interest Rate0.5% to 4.0%3.75% for small business
2.75% non-profit
TermDeferred 6 months – 1.0% on unforgiven portion, 2 years (up to 10 years) fixed rateUp to 30 years
ContactAny SBA Approved
NoteLoan Forgiveness Option on payroll,
mortgage, rent, and utility costs. No
Collateral. Credit Report Not Required.
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