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Small Business:

Paycheck Protection Program:

  • Loans will be made by Banks that are approved SBA lenders 

  • The maximum loan is the lesser of 2.5 times one-year monthly average payroll costs or $10 million.

  • The loans can be used to cover payroll, mortgage payments, rent, utilities and debt obligations.

  • Interest rates of 1%, and non-recourse, so no personal guarantees.

  • Loan payments will be deferred 6 months to a year.


  • The portion of the loan used to cover payroll costs, mortgage, rent and utilities during the 24 weeks after loan origination will be eligible for forgiveness.

  • Payroll costs forgiven are limited to salaries of employees earning less than $100,000 annualized.


Economic Injury Disaster Loans and Loan Advance (Apply for this at

The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million.  Successful applications for the loans will receive a the lesser of $1,000 per employee or $10,000 as loan advance that DOES NOT NEED TO BE REPAID.

Apply here:


SBA Debt Relief:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.

  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

  • No details on how to apply yet, it might be linked to the EIDL above. Track details at the SBA link provided.




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