Question: what are the terms and conditions of the ppp loan?
Answer: Basic Terms of PPP Loan: 1.00% fixed interest rate; two-year or five-year term depending on the date of the PPP loan origination (if originated before June 5, 2020, the term is two years, unless lender and borrower mutually agree to extend the maturity of such loans to five years; if originated on or after June 5, 2020 ...