Paycheck Protection Program
Ease your cashflow based on your future receivables.
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Economy Injury Disaster Loan
Grow you business and potentially increase net worth at the same time
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Cash Advance
Giving the option of Pay-As-You-Earn meaning you pay less when sales volumes are lower
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Business Loans
Secured and Unsecured Business Loans
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Quick Comparison
PPP (Paycheck protection program) EIDL (Economy Injury Disaster Loan)
What is it Loan to protect employee wages Loan for small business to sustain Economic disaster
Who Sole proprietors, Contractors, Small Businesses and we operational before Feb 15th 2020. Any business Less than 500 employees and was in Operation before Feb 1st 2020.
Why Provide Business upto 8 weeks of Payroll costs (Salary, Wages, Commissions, Cash tips, or equivalent compensation) Costs related to group Healthcare benefits during sick leave Interest on Mortgages Other debt obligations before Feb/15/2020. Cover Business Expenses to cover for
  • Sick pay for COVID affected employees
  • Payroll
  • Materials,
  • Rent/Mortgage
  • Debt repayments
Other Criteria Can receive only ONE PPP. Multiple Loans can be taken.
Value 2.5X of Monthly Payroll or Max of $10M Upto $2M. Eligibility for EIDL required to access Emergency Grant of $10k.
Interest Rate 1.0% 3.75 (For profit),
2.75%(Non Profit)
Term 2 Years From 1 to 30 Years
Payments No repayment penalties or Fees Start 12 months after contract
Collateral NO PG Required
Economic Injury
Disaster Loan (EIDL)

The 7(b) loans provide up to $2 million in assistance with an interest rate of 3.75% for-profit companies and an interest rate of 2.75% for non-profits. The loan terms range up to 30 years, and there are no upfront fees or early payment penalties.

Loan Information & Eligibility
  • Payments start 12 months after the date of the contract
  • Funds can be used to business expenses such as pay sick leave for employees who are unable to work due to a direct effect of COVID-19, payroll, materials, rent or mortgage payments, repaying outstanding obligations Loans for any business that is affected by COVID-19, has less than 500 employees and was in operation
  • before February 1, 2020, is eligible to apply.
  • Those interested in applying, must apply before December 31, 2020
Advance Information & Eligibility
  • Emergency Advance up to $10,000
  • There is no requirement to repay the advance even if your business is denied the 7(b) loan
  • Funds can be used to pay business expenses such as pay sick leave for employees who are unable to work due to a direct effect of COVID-19, payroll, materials, rent or mortgage
  • payments, repaying outstanding obligations
    An eligible small business must apply for the 7(b) loan in order to request the Emergency Advance of up to $10,000
  • Those interested in applying, must apply before December 31, 2020
Paycheck Protection
Program (PPP)

The PPP provides small businesses with funds to pay up to 8 weeks of payroll costs, costs related to group health care benefits during periods of paid sick, medical or family leave, and insurance premiums. The fund can also be used to pay interest on mortgages, rent and utilities and interest on payments on any other debt obligations that were incurred before February 15, 2020.

Loan Information & Eligibility
  • A business can apply for a loan of 2.5 average monthly payroll costs up to $10million
  • Payroll costs consist of compensation to employees (whose principal place of residence is the United States) in the form of salary, wages, commissions, or similar compensation; cash tips or the equivalent (based on employer records of past tips or, in the absence of such records, a reasonable, good-faith employer estimate of such tips); payment for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payment for the provision of employee benefits consisting of group health care coverage, including insurance premiums, an retirement; payment of state and local taxes assessed on compensation of employees; and for an independent contractor or sole proprietor, wage, commissions, income, or net earnings from self-employment or similar compensation.
  • Term: 2 years
  • Interest Rate: 1.0%
  • Loan payments will be deferred for 6 months from the date of disbursement of the loan (with potential for deferment of up to 1 year); however, interest will continue to accrue during that 6-month period
  • No personal guarantee or collateral is required
  • Neither the government nor lenders will charge small businesses any fees
  • An eligible business must apply before June 30, 2020
  • A business is eligible to apply even if the small business is applying to other relief programs
  • No prepayment penalties or fees
  • A business is only eligible to receive one PPP loan, so a business should consider applying for the maximum amount
  • Small businesses with 500 or fewer employees whose principal place of residence is in the United States, the business was in operation on February 15, 2020 and paid employees’ salaries and payroll taxes or paid independent contractors
  • Sole proprietors, independent contractors or eligible self-employed individuals are eligible if they were in operation on February 15, 2020 and must submit documentation to establish such eligibility such as payroll processor records, payroll tax filings, or Form 1099-MISC, or income and expenses from a sole proprietorship or other documents the lender deems sufficient
  • Other businesses may also eligible such as businesses that operate in a certain industry and meet the applicable SBA employee-based size standards for that industries, and:
    • Deemed A small business concern as defined in section 3 of the Small Business Act (15 USC 632), and subject to SBA’s affiliation rules under 13 CFR 121.301(f) unless specifically waived in the Act;
    • tax-exempt veterans organization described in section 501(c)(19) of the IRC, Tribal business concern described in section 31(b)(2)(C) of the Small Business Act, or any other business;
    • Business was in operation on February 15, 2020 and either had employees for whom you paid salaries and payroll taxes or paid independent contractors, as reported on a Form 1099-MISC.

Access to lenders that will look at your applications most favorably, where it suits their funding criteria and where you have the best chance of being approved

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