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The SBA has opened a new round of the Paycheck Protection Program. Apply Today.
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.

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.

Download our PPP Application Guide!
We walk you through the entire application step by step!

Download the How to Apply Guide

Who is Eligible?

Business must have been operating before February 15th, 2020
Any small business concern that meets SBA’s size limits below, including corporations and Partnerships.
Sole Proprietors
Independent Contractors (1099)
Self-employed Persons
501(c)(3) non-profit organization
501(c)(19) veterans organization
Tribal business concerns
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.

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 & Timing
 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. A Lending Specialist will response back as soon as possible. 

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Ready to Apply?

We make the loan process easy. Let us help you select the best option.
Get Started with PPP
By signing an application, the Owner acknowledges and agrees that: 1) you are authorized on behalf of the business listed in the application (the “applicant”) to submit this application, to submit accompanying documents, and to provide the consents and authorizations set forth herein; 2) all information provided to Adesso and/or its trusted partners is accurate and complete and that you will immediately notify Adesso of any change in such information; 3) Adesso may share all information and documents, excluding consumer credit reports, with its trusted partners to fulfill Applicant’s requests and at any time for administrative, marketing, and servicing purposes as permitted by law and that your personal information may be shared with the Applicant as part of any underwriting process; 4) Adesso and Assignees are authorized to request and receive investigative reports, consumer credit reports, statements from financial institutions, or any other information that is necessary to complete an application for business financing, and such authorization shall be considered “written instructions” in accordance with the Fair Credit Reporting Act; and 5) Adesso and Assignees have my/our express written permission to contact me/us at the number and email provided in this application via email, telephone, and text message, which consent is not a condition of receiving services from Adesso. We do not sell your personal information to third parties. For more information on our Privacy Policy, see www.adessocapital.com/privacy-policy.
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