Second Round of Paycheck Protection Program (PPP)
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

Maximum five-year maturity (after application for forgiveness)

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

No collateral, no personal guarantee, loan forgiveness if conditions met

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

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