Paycheck Protection Program (PPP)
Last year proved to be challenging and full of stress. Let Seal Beach Capital help you receive the relief your business needs, without hassle or delay. New PPP funds have been made available. APPLY NOW!
ROUND 3 OF DISASTER FUNDS ARE AVAILABLE
Some of you have applied and received funds, others have applied and in line and some of you got shut out of the billions allocated through then CARES Act.
Congress has allocated new funding for PPP and billions more are now available for your business' relief.
At Seal Beach Capital we know what it is like to run a business and deal with the daily challenges. Lets all hope the current situation we are all living through fades fast. We are here to assist in your time of need.
If you missed out on the funding of rounds 1 and 2 PLEASE DON'T miss out on ROUND 3!
We are suggesting you get in line and stay in line so you can get this round of Federal funds.
ROUND 3 Key Highlights
Here’s what you’ll need to be eligible for a PPP loan in the new round:
Demonstrate at least a 25% reduction in gross receipts (to be defined by SBA) in any quarter of 2020 relative to the same quarter in 2019.
For simplicity, businesses can now use annual tax returns for 2019 and 2020 to substantiate the 25% revenue reduction.
Businesses can also compare any quarter in 2019 with the comparable quarter in 2020 which can be substantiated with quarterly financial statements
Employ fewer than 300 employees
Loan Amount up to $2,000,000
Rate of 1% per year
Receive 2.5x to 3.5x your monthly payroll
Can be eligible for loan forgiveness