Free individual program assistance
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Free business program assistance
Paycheck Protection Program
U.S. Small Business Administration
I have children
I don't have a tax identification number
U.S. Citizens and Permanent Residents
- Forgivable loans for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount, up to $10 million per company
- For sole proprietors or independent contractors, maximum is capped at $100,000
- 1% fixed interest rate
- Loans will be completely forgiven if funds are used for payroll, interest on mortgage, rent, and utilities, however, at least 75% of the loan must be used for payroll only (in other words, no more than 25% can be used for non-payroll expenses such as rent)
- Loan payments are deferred for six months, however interest accumulates during this time