Paycheck Protection Program :-
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States government in 2020 through the Relief, and Economic Security to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.
 
Required Certifications for PPP Loans :-
Businesses were required to certify that the pandemic-related economic uncertainty made the loan request necessary to support ongoing operations and that funds were to be used as required, including no more than 40% for non-payroll costs. This requirement applied to both first- and second-draw PPP loans.
 
What are the qualifications for a PPP loan? 

Your business was operational before February 15, 2020.
Your business is still open and operational.
You have no more than 500 employees.
If your business has multiple locations, you have no more than 500 employees per location.

 
How much of a PPP loan can I get?
Your maximum PPP loan amount will be 2.5 times your average monthly payroll costs, up to $10 million. You can only receive one PPP loan, so if you apply for a PPP loan you may consider applying for the maximum amount you are eligible for.
 
What is a personal loan?
A personal loan is a type of unsecured loan that that you can borrow from a bank or financial institution if you require funds to pay for your financial needs.
 
What are home loans?
A house loan or home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms. ... The property is mortgaged to the lender as a security till the repayment of the loan.
 
Our Annual Percentage Rate (APR) ranges from 10% to 20% for users with high credit score.
 
Loan Example :-
Loan amount = $1,000
APR of loan = 10%
Loan term =  150 days
Daily Interest = $1,000 x 10% / 365days = $0.27
Total Interest = $1,000 x 10% / 365days x 150days = $40.5
Daily Repayment = $1,000 / 150days + $0.27   = $6.93
Total Repayment = $1,040.5
 
Note:-
Please note that, this is not official app of PPP Loan. The information provided here is for people reference only.