First time applying for a government loan/grant and, after a few false starts, the Small Business Administration (SBA) came through for your boy! On April 15th I applied for a grant called the Paycheck Protection Program (PPP) through Lendio and Bank of America. And then the money ran out for me, and millions of Americans. Apparently $350B is not enough to keep freelancers and small business owners like myself afloat. Congress acted and as of yesterday my grant was deposited into my bank account - I can keep the lights on for my employees and myself a little longer! The Paycheck Protection Program is one of many SBA Loans & Grants at our avail.

1. SBA
Loans &
Grants
C O V I D - 1 9
MichaelPeggs

2. Economic Injury
Disaster Loan
T y p e : L o a n
A M O U N T : U p t o $ 2 , 0 0 0 , 0 0 0
E L I G I B I L I T Y : S e l f - e m p l o y e d
i n d i v i d u a l s , i n d e p e n d e n t c o n t r a c t o r s ,
s o l e p r o p r i e t o r s , n o n - p r o f i t s a n d
b u s i n e s s e s w i t h f e w e r t h a n 5 0 0
e m p l o y e e s
P a y r o l l c o s t s , s a l a r i e s a n d s i c k l e a v e
R e n t o r m o r t g a g e p a y m e n t s
M a t e r i a l c o s t s
P r e - e x i s t i n g d e b t
P U R P O S E : P r o c e e d s c a n b e u s e d f o r
w o r k i n g c a p i t a l , i n c l u d i n g :
1 .
2 .
3 .
4 .

3. Economic Injury
Disaster Loan
S E C U R I T Y / C O L L A T E R A L : U n s e c u r e d
u p t o $ 2 5 , 0 0 0
P E R S O N A L G U A R A N T E E : N o
p e r s o n a l g u a r a n t e e f o r l o a n
a m o u n t s u p t o $ 2 0 0 K
L E N D E R / A P P L I C A T I O N : A p p l y t o
t h e S m a l l B u s i n e s s A d m i n i s t r a t i o n
o n l i n e v i a w w w . s b a . g o v / d i s a s t e r

4. EIDL ADVANCE
T y p e : F o r g i v a b l e A d v a n c e
A M O U N T : U p t o $ 1 0 , 0 0 0
E L I G I B I L I T Y : S e l f - e m p l o y e d
i n d i v i d u a l s , i n d e p e n d e n t c o n t r a c t o r s ,
s o l e p r o p r i e t o r s , n o n - p r o f i t s a n d
b u s i n e s s e s w i t h f e w e r t h a n 5 0 0
e m p l o y e e s i n o p e r a t i o n a s o f J a n u a r y
3 1 , 2 0 2 0
P a y r o l l c o s t s , s a l a r i e s a n d s i c k l e a v e
R e n t o r m o r t g a g e p a y m e n t s
M a t e r i a l c o s t s
P r e - e x i s t i n g d e b t
P U R P O S E : P r o c e e d s c a n b e u s e d f o r
w o r k i n g c a p i t a l , i n c l u d i n g :
1 .
2 .
3 .
4 .

5. F O R G I V E N E S S : A p p l i c a n t s s h a l l
n o t b e r e q u i r e d t o r e p a y a d v a n c e
p a y m e n t s , e v e n i f s u b s e q u e n t l y
d e n i e d f o r a n E I D L l o a n
D E A D L I N E : J a n u a r y 3 1 , 2 0 2 0 t o
D e c e m b e r 3 1 , 2 0 2 0
L E N D E R / A P P L I C A T I O N : A p p l y t o
t h e S m a l l B u s i n e s s A d m i n i s t r a t i o n
o n l i n e v i a w w w . s b a . g o v / d i s a s t e r
EIDL ADVANCE

6. Paycheck
Protection Program
T y p e : L o a n
A M O U N T : U p t o $ 1 0 , 0 0 0 , 0 0 0
E L I G I B I L I T Y : S e l f - e m p l o y e d
i n d i v i d u a l s , i n d e p e n d e n t c o n t r a c t o r s ,
s o l e p r o p r i e t o r s , b u s i n e s s e s , T r i b a l
b u s i n e s s c o n c e r n s a n d p r i v a t e / 5 0 1 ( c )
( 3 ) n o n - p r o f i t s w i t h 5 0 0 o r f e w e r
e m p l o y e e s .
P a y r o l l c o s t s , s a l a r i e s a n d s i c k l e a v e
R e n t o r m o r t g a g e p a y m e n t s
P r e - e x i s t i n g d e b t
P U R P O S E : P r o c e e d s c a n b e u s e d f o r
w o r k i n g c a p i t a l , i n c l u d i n g :
1 .
2 .
3 .

7. S E C U R I T Y / C O L L A T E R A L : N o n e
P E R S O N A L G U A R A N T E E : N o n e
L E N D E R / A P P L I C A T I O N : C e r t i f i e d
S B A l e n d i n g p a r t n e r i n c l u d i n g
B a n k s , C r e d i t U n i o n s a n d o n l i n e
l e n d e r s
Paycheck
Protection Program
I N T E R E S T R A T E : 1 %
D E A D L I N E : A p p l i c a t i o n r u n s f r o m
f e b r u a r y 1 5 , 2 0 2 0 t o J u n e 3 0 2 0 2 0

8. F O R G I V E N E S S :
7 5 % o f t h e f o r g i v e n a m o u n t m u s t b e
s p e n t o n p a y r o l l
2 5 % o f t h e f o r g i v e n a m o u n t c a n b e
s p e n t o n : i n t e r e s t o n m o r t g a g e , o r r e n t
L o a n f o r g i v e n e s s i s n o t t r e a t e d a s
t a x a b l e i n c o m e
PPP FORGIVENESS
A M O U N T : 2 5 0 % o f a v e r a g e m o n t h l y
p a y r o l l f r o m t h e p a s t y e a r c a p p e d a t
$ 1 0 0 K p e r e m p l o y e e , u p t o a
m a x i m u m o f $ 1 0 M

9. MichaelPeggs
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