What are the Two Types of PPP Loans Currently Available
The SBA is currently offering a First and Second Draw [...]
Will The Forgiven Amount of My PPP Loan be Taxable Income?
No, this will not be considered as taxable income by [...]
Can Any Part of the PPP Loan be Forgiven?
PPP loans may be fully forgiven if all the funds [...]
Can the Economic Injury Disaster Loan (EIDL) be Used Along with a PPP Loan?
You can receive assistance through both the EIDL Program and [...]
How Much Can I Borrow, and How Will It Be Calculated?
First Draw PPP Loans: Our loan officers will assist you [...]
Who Is Eligible?
According to the SBA, the following entities affected by COVID-19 [...]
What Are The Terms of The Loan?
Loan rate of 1% Loans issued before June 5, 2020 [...]
Do I Need to Provide any Collateral or Personal Guarantees in Order to Qualify?
No collateral or personal guarantees are required
How Soon Will I Need to Start Paying on My PPP Loan?
Loan payments are deferred for borrowers who apply for loan [...]
What Business Expenses Can the PPP Loan Funds Be Used For?
The SBA PPP provides businesses with a loan to be [...]