2.5x average monthly payroll, 3.5x average monthly payroll for food service & accommodations, capped at $2 million
1% fixed Annual Percentage Rate
5 year term total
eligible for 100% forgiveness with approval
The foregoing is presented as a matter of convenience, does not constitute legal, accounting, or tax advice, and does not purport to address all aspects of the March 2020 CARES Act or subsequent legislation. We strongly recommend that you consult your attorneys, CPAs, tax advisors, and financial consultants with any questions.