Second Round of Paycheck Protection Program (PPP)
Eligibility	All for Profits & Non-Profits, Corporations, LLCs, Sole Proprietors, Individual Contractors, Self-Employed Persons Employee size less than 500 employees (Less than 300 employees for the Second Draw Borrowers) Demonstrate a 25% or more decline in revenues in any quarter (or annual) of 2020 when compared to the same quarter in 2019 (Only for the Second Draw Borrowers)
Loan Amount	Up to $250,000 12 Month Avg Payroll x 2.5 times; ( 3.5 times for foodservice and accommodations industries)
Interest Rate	1.0%
Term	Maximum five-year maturity (after application for forgiveness)
Fees	No application fees
Use of Funds	Payroll, rent, and utilities Interest on mortgage payments/any debt incurred prior to February 15, 2020 Covered operations, property damage, Worker Protection Expenditure
Note	No collateral, no personal guarantee, loan forgiveness if conditions met

For assistance, please speak with our PACE business loan counselors today – Click Here!