*Please note, in order to apply for loan forgiveness, you’ll need to document how you use the loan. Loan forgiveness does not happen automatically. See our FAQ for more info on the application process.
How can these funds be used?
Payroll costs (salary, wages, commission, tips)
Employee benefits (healthcare benefits, vacation, and more)
Mortgage interest payments (not including payments on the mortgage principal)
Interest on any other debt obligations that took place before February 15, 2020
Loans used to cover these costs will be 100% forgiven if at least 75% of the loan is used toward qualifying payroll costs and the rest of the loan is used toward the other uses listed here. If funds go toward any non-covered expenses, then that portion will not be forgiven. More info >
Square, the Square logo, Square Capital, and others are trademarks of Square, Inc. and/or Square Capital, LLC. Square Capital, LLC is a wholly owned subsidiary of Square, Inc., d/b/a Square Capital of California, LLC in FL, GA, MT, and NY.
All loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank. Member FDIC, located in Salt Lake City, UT. The individual authorized to act on behalf of the business must be a U.S. citizen or permanent resident and at least 18 years old. Valid U.S. bank account and Social Security number or Individual Taxpayer Identification Number are required. Eligibility for the Payment Protection Program or any other loan product is not guaranteed. All loans, if offered, will be subject to approval and qualification under the program standards.