Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) provides $349 billion in loans to small business, nonprofits, sole proprietors and other eligible entities with fewer than 500 employees. Loans of up to $10 million can be obtained to cover certain business costs including employee payroll, rent, insurance, paid sick or medical leave, interest on mortgage obligations and utilities.
- PPP loans cover costs incurred February 15, 2020 – June 30, 2020
- Up to 8 weeks of eligible expenses may be forgiven
- Loan repayments will be deferred for 6 months
- The Paycheck Protection Program will be available through June 30, 2020.
Join the BOC Capital Community
Our borrowers play an important role in their communities and they deserve the chance to fulfill their vision. Their small businesses create jobs, transform lives and become important role models for possibility and success.
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