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Seek Capital Help FAQs
What are the qualifications for this loan being forgiven?
To have your loan 100% forgiven, you’ll need to have:
- Spend that money within 24 weeks (6 months)
- Employee and compensation levels are maintained (which if you’re self-employed is just you)
- At least 60 percent of the proceeds are spent on payroll costs, and the rest goes to other eligible expenses (wages / payroll, mortgage interest, rent, utilities, taxes, benefits, etc).
Then we’ll help you fill out the paperwork needed. You’ll need to provide some documentation that proves you actually spent it accordingly (like a bank statement), and you can have it 100% forgiven.
What if I don’t have my Tax Return?
When can I apply for forgiveness?
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Did you know?
We've funded over $400 million for small business owners since 2015