Paycheck Protection Program (PPP)
EligibilityAll for profits & non profits, sole proprietors, individual contractors, Self employed persons
Loan Amount12 Month Avg Payroll x 2.5 times plus EIDL (Net of Advance)
Interest Rate1.0%
Term2 yrs, deferred for 6 months (interest accrued)
ContactAny SBA Approved Lender
NoteNo collateral, no personal guarantee, loan forgiveness if conditions met

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