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PPP Program

[cmsmasters_row data_shortcode_id=”17l0xszmc1″ data_width=”boxed” data_top_style=”default” data_bot_style=”default” data_color=”default” data_bg_img=”15241|https://launchbydsc.com/wp-content/uploads/2020/04/3k3KBA_t20_knjavX-510×341.jpg|medium” data_bg_position=”center center” data_bg_repeat=”no-repeat” data_bg_attachment=”scroll” data_bg_size=”cover” data_color_overlay=”rgba(50,51,56,0.64)” data_padding_top=”235″ data_padding_bottom=”190″ data_resp_vert_pad=”true” data_padding_top_laptop=”80″ data_padding_bottom_laptop=”60″][cmsmasters_column data_width=”1/1″ data_shortcode_id=”cwl1060n77″ data_animation_delay=”0″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center”][cmsmasters_heading shortcode_id=”ax2q7aoimz” type=”h2″ font_size=”42″ line_height=”55″ font_weight=”default” font_style=”default” text_align=”center” color=”#ffffff” margin_top=”0″ margin_bottom=”0″ animation_delay=”0″]Get Your PPP Loan Without the Hassles of Big Banks [/cmsmasters_heading][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom_laptop=”0″ data_padding_top_laptop=”60″ data_resp_vert_pad=”true” data_padding_top=”110″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_width=”boxed” data_shortcode_id=”tex7yuzb7m”][cmsmasters_column data_width=”1/1″ data_bg_position=”top center” data_bg_repeat=”no-repeat” data_bg_attachment=”scroll” data_bg_size=”cover” data_border_style=”default” data_animation_delay=”0″ data_shortcode_id=”1bvjtzu6hh”][cmsmasters_heading shortcode_id=”oieby8v4w9″ type=”h2″ font_size=”40″ line_height=”52″ font_weight=”default” font_style=”default” text_align=”center” margin_top=”0″ margin_bottom=”60″ animation_delay=”0″]How the SBA Paycheck Protection Program Works[/cmsmasters_heading][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”toe7wah20f”][cmsmasters_column data_width=”1/2″ data_animation_delay=”0″ data_border_color=”#ebebeb” data_border_style=”solid” data_border_width=”1″ data_bg_color=”#fcfcfc” data_padding_mobile_v=”85px 15px 75px 25px” data_resp_padding=”true” data_padding=”85px 15% 75px 70px” data_shortcode_id=”qpnjikcdka”][cmsmasters_heading shortcode_id=”qena5hrou6″ type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]Program Requirements [/cmsmasters_heading][cmsmasters_text shortcode_id=”o5enucy0q1″ animation_delay=”0″]

  • Your business (or nonprofit) was in operation as of February 15, 2020
  • Your business needs to have less than 500 employees
  • Your need to be a Corp, LLC, Sole Prop, Independent Contractor or Non Profit
  • Application must be in by June 30, 2020

[/cmsmasters_text][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_shortcode_id=”9qlzvogobn” data_padding=”0 0 300px 0″ data_bg_img=”14540|https://launchbydsc.com/wp-content/uploads/2020/01/DSC-Suppliers-1024×683-600×500-510×425.jpg|medium” data_bg_position=”top center” data_bg_repeat=”no-repeat” data_bg_attachment=”scroll” data_bg_size=”cover” data_border_style=”default”][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”bkl9j6g2r”][cmsmasters_column data_width=”1/2″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center” data_bg_img=”15258|https://launchbydsc.com/wp-content/uploads/2020/04/a-young-millennial-asian-woman-taking-a-food-order-at-a-local-small-business-restaurant_t20_kop8Lx-510×340.jpg|medium” data_padding=”0 0 300px 0″ data_shortcode_id=”29wxznl2dm”][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_shortcode_id=”f5hhfrg5xp” data_padding=”85px 15px 75px 70px” data_resp_padding=”true” data_padding_mobile_v=”85px 15px 75px 25px” data_bg_color=”#fcfcfc” data_border_width=”1″ data_border_style=”solid” data_border_color=”#ebebeb” data_animation_delay=”0″][cmsmasters_heading shortcode_id=”gwprhmzfq2″ type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]Program Benefits[/cmsmasters_heading][cmsmasters_text shortcode_id=”22a2k03qv” animation_delay=”0″]

  • Loan Forgiveness for Payroll, Rent, Mortgage interest & Utilities
  • 2yr Term & Interest Capped at 1%
  • No Personal Guarantee or Collateral

[/cmsmasters_text][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”2l3iuuyh1o”][cmsmasters_column data_width=”1/2″ data_shortcode_id=”zug9rhgs2i” data_padding=”85px 15px 75px 70px” data_resp_padding=”true” data_padding_mobile_v=”85px 15px 75px 25px” data_bg_color=”#fcfcfc” data_border_width=”1″ data_border_style=”solid” data_border_color=”#ebebeb” data_animation_delay=”0″][cmsmasters_heading shortcode_id=”hmktlmwzs9″ type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]What PPP Loans Are for[/cmsmasters_heading][cmsmasters_featured_block shortcode_id=”j3hpwtj7t4″ text_width=”81″ text_position=”left” text_padding=”0″ text_align=”left” fb_bg_color=”rgba(255,255,255,0)” top_padding=”0″ bottom_padding=”0″ border_style=”default” animation_delay=”0″]

PPP loans will help small businesses, including sole proprietors and independent contractors, and private nonprofits maintain payrolls and continue necessary payroll-related payments like rent and utilities. Allowable uses include payroll costs, healthcare costs, mortgage, rent, utilities, etc.

[/cmsmasters_featured_block][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center” data_bg_img=”15259|https://launchbydsc.com/wp-content/uploads/2020/04/store-shop-retail-small-business-small-business_t20_1Jkj9n-510×339.jpg|medium” data_padding=”0 0 300px 0″ data_shortcode_id=”fvmge0cv8e”][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”lggzsriex4″][cmsmasters_column data_width=”1/2″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center” data_bg_img=”15260|https://launchbydsc.com/wp-content/uploads/2020/04/house-of-vintage_t20_lWNe2B-510×340.jpg|medium” data_padding=”0 0 300px 0″ data_shortcode_id=”vi3am3tpxm”][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_shortcode_id=”iq519uzbdq” data_padding=”85px 15px 80px 70px” data_resp_padding=”true” data_padding_mobile_v=”85px 15px 75px 25px” data_bg_color=”#fcfcfc” data_border_width=”1″ data_border_style=”solid” data_border_color=”#ebebeb” data_animation_delay=”0″][cmsmasters_heading shortcode_id=”x42fvmivjo” type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]How the Loan Amount is Calculated[/cmsmasters_heading][cmsmasters_featured_block shortcode_id=”avsg20lsg” text_width=”85″ text_position=”left” text_padding=”0″ text_align=”left” fb_bg_color=”rgba(255,255,255,0)” top_padding=”0″ bottom_padding=”0″ border_style=”default” animation_delay=”0″]

PPP loans are calculated based on 2.5 times your business’s (or organization’s) monthly payroll costs. Payroll costs include compensation, as outlined above, along with other payroll-related costs like retirement payments, state and local taxes on payroll, payment for vacation or paid leave, group healthcare costs, and allowances for separation or dismissal.

[/cmsmasters_featured_block][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”2ijkuta26p”][cmsmasters_column data_width=”1/2″ data_shortcode_id=”tr08ph9nu9″ data_padding=”85px 15px 75px 70px” data_resp_padding=”true” data_padding_mobile_v=”85px 15px 75px 25px” data_bg_color=”#fcfcfc” data_border_width=”1″ data_border_style=”solid” data_border_color=”#ebebeb” data_animation_delay=”0″][cmsmasters_heading shortcode_id=”2qchk0bylh” type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]Calculating Loan Forgiveness Amount [/cmsmasters_heading][cmsmasters_featured_block shortcode_id=”mil6dajwwm” text_width=”81″ text_position=”left” text_padding=”0″ text_align=”left” fb_bg_color=”rgba(255,255,255,0)” top_padding=”0″ bottom_padding=”0″ border_style=”default” animation_delay=”0″]

Because the SBA expects a high number of applicants for PPP loans, no more than 25% of the forgiven amount can be for non-payroll costs (i.e., mortgage interest, rent, and utilities). If your business has laid off employees, that will also affect how much your loan can be forgiven. The total effect on your PPP loan’s forgiveness-eligibility depends on some complicated math that your agent can walk you through to give you the specific answer for your business.

[/cmsmasters_featured_block][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center” data_bg_img=”15261|https://launchbydsc.com/wp-content/uploads/2020/04/at-the-barber_t20_WK1yY4-510×364.jpg|medium” data_padding=”0 0 300px 0″ data_shortcode_id=”7y33ih33oi”][/cmsmasters_column][/cmsmasters_row][cmsmasters_row data_padding_bottom=”0″ data_padding_top=”0″ data_color=”default” data_bot_style=”default” data_top_style=”default” data_columns_behavior=”true” data_no_margin=”true” data_width=”boxed” data_shortcode_id=”12atxdjk6f”][cmsmasters_column data_width=”1/2″ data_border_style=”default” data_bg_size=”cover” data_bg_attachment=”scroll” data_bg_repeat=”no-repeat” data_bg_position=”top center” data_bg_img=”15262|https://launchbydsc.com/wp-content/uploads/2020/04/happy-chef_t20_XQrbJG-510×340.jpg|medium” data_padding=”0 0 300px 0″ data_shortcode_id=”uod353fhwl”][/cmsmasters_column][cmsmasters_column data_width=”1/2″ data_shortcode_id=”965yxe6fa” data_padding=”85px 15px 80px 70px” data_resp_padding=”true” data_padding_mobile_v=”85px 15px 75px 25px” data_bg_color=”#fcfcfc” data_border_width=”1″ data_border_style=”solid” data_border_color=”#ebebeb” data_animation_delay=”0″][cmsmasters_heading shortcode_id=”qv5uyx9vvi” type=”h2″ font_size=”32″ line_height=”50″ font_weight=”default” font_style=”default” text_align=”left” margin_top=”0″ margin_bottom=”15″ animation_delay=”0″]When Do Payments Start? [/cmsmasters_heading][cmsmasters_featured_block shortcode_id=”xwl36d21pm” text_width=”85″ text_position=”left” text_padding=”0″ text_align=”left” fb_bg_color=”rgba(255,255,255,0)” top_padding=”0″ bottom_padding=”0″ border_style=”default” animation_delay=”0″]

For portions of the loan that are not forgiven, payments are deferred for the first 6 months. Payments can be deferred up to 12 months for qualifying borrowers.

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[cmsmasters_button shortcode_id=”7i64gw0q8d” button_target=”self” button_text_align=”center” button_font_size=”20″ button_font_weight=”default” button_font_style=”default” button_text_transform=”default” button_padding_hor=”100″ button_border_style=”default” button_border_radius=”50″ button_bg_color=”#58b737″ button_text_color=”#ffffff” animation_delay=”0″]ACCESS PPP FUNDS NOW[/cmsmasters_button]

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