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Paycheck Protection Program
(PPP)
Economic Injury Disaster Loan
(EIDL)
-
Interest on debt incurred before 15FEB2020
-
Payroll
-
Employee Salaries
-
Rent & Utilities
-
Payroll
-
Fixed Debts
-
Accounts Payable
-
COVID-19 impact expenses
Fixed
1%
Annual Percentage Rate
businesses non-profits
3.75% 2.75%
Annual Percentage Rate
2.5X
Average
monthly
payroll
up
to
$2million
no payments for first
6 months
2-year term
no payments for first
12 months
30-year term
up
to
100%
with
approval
$10k
Emergency advances forgiven up to
the amount of your Advance will be determined by the number of your pre-disaster (i.e., as of January 31, 2020) employees. The Advance will provide $1,000 per employee up to a maximum of $10,000.
click
link
click
link
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