Small business interruption loans from the Paycheck Protection Program of the CARES Act would be available to:  

Companies and some nonprofits with 500 or fewer employees during the period February 15 through June 30, 2020  

The maximum loan amount of $10 million could be used for:  

Payroll and employee-related costs, debt, rent and utility payments  Use of these loans for payroll is limited to:  

Compensation of $100,000 / employee, independent contractor or sole proprietor maximum maturity of 10 years interest rate 4% no personal guarantee   These loans are to be administered by banks and credit unions:  

Borrowers should turn to their bank to apply these loans could qualify for loan forgiveness any debt forgiveness will not be subject to federal income tax