Our company is now accepting applications when it comes to round that is next of Protection Program loans
To anticipate to complete the applying, please see вЂњHow could I be that is application ready in our often expected Questions below. You really need to check with your financial/legal advisors for the review that is comprehensive of guidelines and guidance. When it comes to experience that is best, be sure to use a web web browser apart from ie.
Prospective borrowers have to have a working Huntington company bank account and present credentials for online banking to sign up for first-time Paycheck Protection Program (PPP) or Second Draw Paycheck Protection Program (PPP2) loans. If you fail to have a dynamic huntington company checking account, please check out the local branch to open up a free account. When you have an active business checking account, but don't have online banking for your Huntington company bank account, please check out the local branch or phone 800-480-2001 (M-F 8am-7pm; Sat. 8am-2pm) to ascertain credentials that are online. It could take a day or two before your access is complete.
Note to Agents:
Huntington just isn't using the services of third-party agents on Paycheck Protection Program (PPP) loans, either at origination or perhaps in reference to forgiveness applications. We shall work straight aided by the debtor including once they submit an application for forgiveness of every PPP or PPP2 loan extended for them.
Paycheck Protection Program (PPP)
- Purpose: crisis working money to maintain your company functioning during COVID-19
- Use of Funds: Payroll costs, advantages, lease, interest re payments, energy re payments, worker protection costs related to COVID-19, uninsured home damage expenses brought on by looting or vandalism during 2020, and particular provider expenses and costs for operations
- Amount: Lesser of 2.5x month-to-month normal payroll or $10MM
- Price: 1.00percent
- Term: 5 years
- Qualities: No security or guarantors; eligible for forgiveness as much as 100percent
- How exactly to use: You should login to your online banking right here or here (by using a token for online banking).