What is the First Draw PPP Funding?

The First Draw PPP funding is designed to help eligible small businesses keep employees on the payroll and manage essential expenses during the COVID economic crisis.

What qualifications do I need for First Draw PPP Funding?

To qualify for First Draw PPP funding, businesses must have 500 or fewer employees and meet various eligibility criteria, including being a nonprofit, tribal, or veteran organization.

How does personal financing work?

Personal financing typically involves receiving a lump sum that is repaid in installments over a specified term, with many lenders offering automatic payments to simplify the process.

What is the repayment period for personal funding?

Repayment for personal funding can range from six months to five years, with monthly payments expected during the term.

What are the options for installment funding?

Installment funding provides borrowers with a lump sum that is repaid over time, usually through regular monthly payments made towards principal and interest.

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