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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252 West Swamp Road

Suite 13 Bailiwick Office Campus

Doylestown, Pennsylvania 18901

TEL. (215) 230-3761 

e-mail: Attorney@Law-Brooks.com 

 © 2020 by Law Offices Michael J. Brooks, Esquire  All Rights Reserved.

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