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Seek Capital Help FAQs
What can I use the money for?
The PPP program was designed to be used for:
- Payroll / salary costs
- Employee Benefits (health insurance, retirement, etc)
- Interest on mortgages, (if incurred before February 15, 2020)
- Rent (if lease was signed before February 15, 2020)
- Utilities (that were in service before February 15, 2020)
- Operations costs such as software, cloud computing, and other human resources and accounting items
- Covered property damage costs related to property damage due to public disturbances that occurred during 2020 that are not covered by insurance; and
- Supplier costs with the same period in 2019.
What are the qualifications for this loan being forgiven?
Do I have to pay back the loan?
Do I have to have a personal guarantee or collateral?
Need More Assistance?
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Did you know?
We've funded over $400 million for small business owners since 2015