Guidelines for Coronavirus Emergency Loans

All information is based on our current understanding as of the date that it is posted. Please keep in mind this information is changing rapidly – it can and likely will change. Some information becomes outdated the same date it posted. Although we will monitor and update this page as new information becomes available, please do not rely solely on this page. We encourage you to contact your Lewis, Hooper & Dick LLC advisor for the latest information.

This article provides detailed information related to the Payroll Protection Loan Program – provided by the U.S. Chamber of Commerce. Specific topics include:

1) Who is eligible;
2) What lenders will be looking for;
3) How much can be borrowed;
4) How to calculate payroll costs;
5) What has to happen for the loan to be forgiven.

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