As of May 5th, 2021, the SBA has stopped accepting PPP applications from most US Lenders as PPP funds have run out. Some money may still be available through a Government set-aside for community financial institutions, which generally service underserved communities.Please visit www.sba.gov for more information.
Give to Change Foundation, in partnership with Adesso Capital, is proud to offer PPP application assistance.
Paycheck Protection Program (PPP)
Government Funded Coronavirus relief for small businesses and independent contractors.
Business must have been operating before February 15th, 2020
Any small business concern that meets SBA’s size limits below, including corporations and Partnerships.
Independent Contractors (1099)
501(c)(3) non-profit organization
501(c)(19) veterans organization
Tribal business concerns
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.
Adesso Capital is 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.