PPL:

• $10 million

• 1% and 2 years maturity

• Basis for loan is monthly payroll costs verified by payroll tax returns (forms 941, 944, 940 filed by your payroll company)

• Funded by local bank

• Timing of funding 1 - 2 Weeks

• May be partially or fully forgiven

• No personal guarantee or collateral required

• Simple application process

• Complex compliance process

• Used for capital to cover cost of retaining employees, paying rent and utilities, and interest on mortgage debt

EIDL:

• $2 million

• Up to 3.75 for up to 30 years

• Basis for loan is demonstrated need

• Funded by SBA

• Timing of funding 3 - 4 Weeks

• No forgiveness

• Personal guarantee and collateral required

• Complex application process

• No compliance process

• Used for payroll and other operating costs that could have been met had the disaster not occured

EEIG:

• $10,000

• None

• Based on request (subset of EIDL)

• Funded by SBA

• Timing of funding 3 days

• May be fully forgiven

• No personal guarantee or collateral required

• Simple application process

• No compliance process

• An emergency infusion of cash to cover you right now; an advance against the EIDL