What's the PPP loan limit and is collateral associated?

Описание к видео What's the PPP loan limit and is collateral associated?

What is the maximum limit you can borrow for the paycheck protection program and is collateral involved?

-You can borrow up to $10 million based on 2.5 times your average total monthly payroll cost.

-There is no collateral and no personal guarantee that's associated with these loans.

-If you take the loan and parts of it aren’t forgiven because you don't need the task for forgiveness then it turns into a 2 year loan with low rate 0.5 annual interest rate


*This is part of the FUND EDU series with Polsinelli Law, watch the full session "Seeking Capital in Hard Times"

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