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PAYROLL PROTECTION PROGRAM

Supplement Payroll Up To 8 Weeks
SBA Fees Waived

Apply Here For The
Payroll Protection Program

Coastal Kapital has partnered with the largest non bank SBA direct lender so we may offer our clients the Payroll Protection Program directly through our office. This program will supplement the payroll, rent, mortgage interest etc for up to 8 weeks.

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866-670-7483

Program Overview

The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.

Payroll costs are capped at $100,000 on an annualized basis for each employee. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. Loan payments will be deferred for 6 months.

When can I apply?

    Loan Information

    Who Can Apply?

    All businesses – including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries. Click HERE for additional detail.

    Eligible loan proceeds

    What can I use these loans for?

    You should use the proceeds from these loans on your:

    Payroll Information

    What counts as payroll costs?

    Payroll costs include:

    What it's for

    What it's Not for

    Loan Forgiveness

    How much of my loan will be forgiven? 

    Up to 100% of the loan amount can be forgiven, as long as you used your loan for:

    Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.

    Apply Now

    Apply Here For The
    Payroll Protection Program