Paycheck Protection Program loan

Eligible for forgiveness

Loans forgiven for eligible payroll, utilities, rent, and mortgage interest. Any amount not forgiven will have a 1% interest rate.

Based on payroll

Loans up to $10 million, with the max amount based on average monthly payroll x2.5.

Deferred payments

Payments on any amount not forgiven will be deferred for six months after loan is issued.

Get Help Applying for the NEW PPP Loan

Do you still need assistance with your business funding from this Coronavirus pandemic?

The application process for the newly reauthorized Paycheck Protection Program is now open for eligible first- and second-time borrowers. As an SBA preferred lender and one of the nation’s leading providers of SBA loans, Empire Capital Business Funding is committed to making the application process simple, easy, and fast.

We invite you to complete our simple 10- to 15-minute online application. And, through our new streamlined single-sign loan process, your loan application also becomes your final loan documentation (subject to loan approval evidenced by a confirmation from Empire Capital BF.)

Paycheck Protection Program Details

The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) became law on December 27, 2020. As part of this end-of-year emergency COVID-19 relief package, additional funding has been allocated to the Small Business Administration (SBA) for the reopening of the Paycheck Protection Program (PPP) for eligible first-time and second-time borrowers.

The Paycheck Protection Program is intended to provide economic relief to small businesses adversely impacted by the COVID-19 pandemic. The Economic Aid Act extends the authority of the SBA to make PPP loans through March 31, 2021 (or until the allocation of funds in the program has been reached) and revises certain PPP requirements.

Please access the following links for guidance on the new round of PPP loans as authorized by the recently passed stimulus bill, including updates regarding borrower eligibility and general rules relating to loan increases and loan forgiveness.

For additional PPP information and updates on the Paycheck Protection Program, visit the U.S. Department of the Treasury CARES Act website or the SBA’s PPP website.

The information contained on this webpage is for informational purposes only. Due to the complexity and evolving nature of PPP rules and guidance, we strongly advise you to seek guidance from your CPA, attorney, or another advisor on any complicated

PPP eligibility and/or loan forgiveness questions. PPP loans subject to SBA approval. Restrictions may apply. See banker for details.

Disclaimer: This page is designed to provide information regarding applications for government-sponsored Disaster Loans. Empire Capital is not a lender.
Please note that government Disaster Loans are not guaranteed and are issued at the sole discretion of the SBA or other governmental agencies.
Any government Disaster Loan issued is governed by definitive documentation of the lender and is also subject to Empire Capital’s Business Finance Terms of Service.