ARE YOU PPP READY?
DC LOVES OUR LOCAL BUSINESSES
Get PPP Ready
The pandemic is the biggest challenge we have faced as a city, yet we will come back from it better than before because we have stuck together. I call upon our entrepreneurs to take every opportunity to rise above this pandemic. The Paycheck Protection Program is one such opportunity, and it is critical as together we move from relief to recovery to growth.
- Mayor Muriel Bowser
Since the start of the pandemic, DC Government has provided over $150M in direct relief for DC small businesses. By comparison, DC businesses and organizations drew over $2 billion in Paycheck Protection Program forgivable loans in 2020. The impact of PPP for DC businesses and thereby employees is tremendous. That’s why we are so bullish on promoting PPP.
- John Falcicchio, Deputy Mayor for Planning and Economic Development
DID YOU KNOW?
$284 BILLION AVAILABLE
3.5X QUALIFIED EXPENSES
3.5X QUALIFIED EXPENSES
The CARES Act bill has made available $284 Billion Dollars for Small Businesses.
3.5X QUALIFIED EXPENSES
3.5X QUALIFIED EXPENSES
3.5X QUALIFIED EXPENSES
Loans are available for up to 3.5 times of your average monthly payroll during the year preceding the application.
100 PERCENT FORGIVABLE
3.5X QUALIFIED EXPENSES
100 PERCENT FORGIVABLE
Up to 100% of the loan principal of a PPP loan is potentially forgivable. Visit the SBA for more information.
Get PPP READY
Are You Eligible?
Are You Eligible?
Are You Eligible?
Learn about PPP 1.0 and PPP 2.0 Qualifications and Changes to See if Your Business Qualifies.
Ready to Apply?
Are You Eligible?
Are You Eligible?
Learn About What You'll Need to Apply for PPP Including Important Documents and Options.
Need Help?
Need Help?
Need Help?
Need Help with Your Application or Forgiveness? Connect with these Resources.
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