Paycheck Protection


The Paycheck Protection Program (PPP) is designed to assist small businesses gain short-term cash flow to help pay employees and cover interest on business mortgages, rent and utilities. Firefighters First is pleased to provide this additional support during these uncertain times.

Primarily, PPP is designed to help you cover 8 weeks of payroll costs. Please review the following program overview and additional facts from the Small Business Administration:

Some or all of the loan amount could be forgiven under PPP; please understand that the Small Business Administration will ultimately make this determination.

Applying for the PPP loan is easy, just please remember to provide the documents noted below along with your application.

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What documents do I need to submit with my application? +

  • Payroll Summary for the period 1/1/19 - 12/31/19
  • Payroll Summary for the period 1/1/20 - 3/31/20
  • 2019 IRS Payroll Tax Filing 941
  • 2020 Q1 IRS Payroll Tax Filing 941, if available
  • 2019 IRS Proof of Payroll W-3
  • Government issued ID
  • If the above payroll reports are not available, then
  • Latest business tax return (or personal tax return with all schedules and statements)
  • 2019 YE business profit & loss statement
  • Interim 2020 business profit & loss statement
  • 12/31/19 bank statement
  • Last 3 months bank statements

The following documents will be required for the 8 weeks following the loan origination date:

  • List of all employees with 8 weeks salary + payroll taxes
  • IRS Payroll Tax Filings (941)
  • Rent: Copy of rent payments for two months (include lease copy)
  • Mortgage: Copy of loan payments for two months (include mortgage statements)
  • Utilities: Copy of utility payments for two months (include utility statements)
  • And, other information as may be requested
  • Loan amount: generally, 2.5 times your 2019 average monthly payroll cost, not to exceed $10 million.
  • Maturity: Two years.
  • Interest rate: 1.00%.
  • Repayment: No payment for the first 6 months, followed by principal and interest payments for the remaining loan term.
  • Collateral: None required.
  • Personal Guaranty: None required.
  • Prepayment penalties: None.

Small businesses including sole proprietors, non-profits, tribal business concerns, Veteran organizations, and self-employed individuals and independent contractors.  The small business must have fewer than 500 employees and have been in operation on February 15, 2020.  There are additional eligibility requirements that can be found on the Borrower Information Fact sheet referenced above.

The PPP loan proceeds can be used to retain workers and maintain payroll or make mortgage, lease, and utility payments.

Applications will only be accepted electronically, membership requirements apply, and the PPP offer is subject to availability of limited funds.