Know where to go for the

Paycheck Protection Program
(PPP) application process.

The Paycheck Protection Program is offering low-interest loans that
may be fully forgiven if allocated properly. The requirements are
straightforward. See below for more details.

Begin Application

The Paycheck Protection Program

  • Provides loans which will be forgiven (need not pay back) if funds are used for eligible expenses.
  • Forgiven loans are not taxed.
  • All fees are paid for by the Federal Government via the SBA.

  • No credit Check. No Collateral or personal guarantees are required.

Who is eligible?

Businesses must have been operating before February 15th, 2020

  • Any small business concern that meets SBA’s size limits below, including corporations and Partnerships.

  • 501(c)(3) non-profit organization
  • 501(c)(19) veterans organization

  • Tribal business concerns

  • Sole Proprietors

  • Independent Contractors (1099)

  • Self-employed Persons

Size Limitations:

First PPP Loan

Most Businesses:
500 Employees

Restaurants and Lodging
NAICS* Code begins with 72
500 Employees per location

Second PPP Loan

Most Businesses:
300 Employees

Restaurants and Lodging
NAICS* Code begins with 72
300 Employees per location

How much can I borrow?

Businesses with Employees

Most businesses are eligible for up to 2.5x their average monthly payroll cost in 2019.
Restaurants and Lodging are eligible for up to 3.5x.

Payroll Costs include:
Wages, tips, insurance benefits, retirement contributions, state & local taxes, including unemployment insurance.

Maximum Loan Amount

First PPP Loan is $10M
Second PPP Draw is $2M
*First Draw plus Second Draw can not exceed $10M

Businesses without Employees

Businesses without Employees are eligible for up to 2.5x their average monthly 2019 Net-Profit.
– Net-Profit is as reported on your 2019 IRS Form 1040
Schedule C – Line 31
– Maximum PPP Loan Amount = $20,833.0M

How To Apply

Step 1:

Apply Now

Complete Online Application and E-sign</span

Step 2:

Upload Requested Documents

Businesses with Employees (Typically)
2019 Business Tax Return
2019 IRS Form 940
Q1/2020 IRS Form 941
Payroll summary reports
Evidence of payroll taxes, insurance premiums and benefits paid

Businesses without Employees (Typically)
2019 Business Tax Return or 1040 Schedule C

Step 3:

E-Sign PPP Loan Agreement

Step 4:

Receive Funds electronically into your bank account

How do I get my PPP Loan Forgiven?

Businesses with Employees –
Borrower demonstrates:

  • Spends 60% of the funds spent on payroll, inclusive of Benefits and Taxes
  • The balance can be spent on Rent or Mortgage Interest, Utilities, Personal Protection Equipment, and Supplies.

Businesses without Employees –
Borrower demonstrates:

  • Spends fund on Payroll, Rent or Mortgage Interest, Utilities, Personal Protection Equipment, and Supplies, during the covered period.

  • The borrower could also claim the automatic owner compensation replacement, equal to 2.5 months of 2019 or 2020 net profit. This is an amount comparable to the allowable loan amount.

Forgiveness Process & Training

  • Online Application
  • You can apply for forgiveness any time after the funds are spent, up to the point that the loan matures.

  • We recommend that you apply for forgiveness before loan payments are due to otherwise begin (~15 months after disbursement)

For questions or concerns about your PPP application

Adesso Capital is offering support for business owners that are having trouble navigating the PPP application process. We understand the complexity of the application process.

For questions or concerns about your PPP application

Adesso Capital is offering support for business owners that are having trouble navigating the PPP application process. We understand the complexity of the application process.

1-888-600-7380
1-888-600-7380
Begin Application

NPS works as a Business Loan Broker who helps customers find an SBA-certified Lender participating in the Paycheck Protection Program (PPP). Borrowers will apply directly with the SBA-certified Lenders, who will issue and manage the PPP loan. Program funds are limited. Adesso does not guarantee that applications will be processed and submitted before Program funds are no longer available. There is no cost to you to apply for a PPP loan. Program information can change according to government policy.