First Draw PPP Loans:
- Our loan officers will assist you in calculating your maximum first draw PPP loan amount, but you can apply for loan amounts up to $10 million.
Second Draw PPP Loans:
- The maximum loan amount for a Second Draw PPP Loan is 2.5 times the average 2019 or 2020 payroll costs up to $2 million.
- For borrowers in the Accommodation and Food Services sector, the amount is raised to 3.5 times the average monthly 2019 or 202 payroll costs up to $2 million.