Tag: managed

Computer Team Inc, PC repair, support, managed sevices, hosting

Computer Team is a memeber of the ascii group       

COVID-19 Coronavirus Update (Loans and Payroll Protection)

04/01/2020 The Federal government is offering programs to help small businesses with SBA Small Business Administration loans. Here are some of the basics. There are two main loan options available to most of our clients.

SBA Loan Comparison*






7(a) LOAN PROGRAM STANDARD PAYCHECK PROTECTION PROGRAM
MAXIMUM LOAN $5,000,000 The eligible loan amount is lesser of the average of certain fixed monthly payroll costs x 2.5, or $10,000,000.
INTEREST RATE MAXIMUM Prime + 2.25% to 4.75% depending on amount and term of the loan During the covered period, a covered loan shall bear an interest rate not to exceed 4%
FEES 2%-3% of the loan Waived
DEFERMENT OF PAYMENTS N/A Minimum of 6 months
USES In addition to standard uses payroll support, including paid sick, medical,
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