How much funding can I receive?


The amount of funding you can receive under the Paycheck Protection Program is based on your payroll costs. The loan amount is equal to 2.5 times your average monthly payroll costs, which can be calculated by adding up your payroll costs for all of 2019 and dividing this amount by 12. Read More FAQ's

Is the loan forgivable?


A PPP loan can be partially or fully forgiven so long as the business keeps its employees on the payroll (or quickly rehires employees who were laid off) and maintains employees’ salary levels. In order for the loan to be 100% forgiven, at least 60% of the loan amount must be used to cover

What is covered under “payroll costs”?


For the purposes of calculating a PPP loan amount or determining eligibility for loan forgiveness, the term “payroll costs” refers to the total amount of any compensation paid to employees. This includes salaries, wages, tips, bonuses and commissions, plus vacation pay, sick leave and other employee benefits. These costs are capped at $100,000 per

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