Because ERC is not a loan, there is no limit on funding.

ERC Explained


You could receive up to $26,000 per employee.

The Employee Retention Credit (ERC) is a new tax credit for employers that were impacted by COVID-19 shutdowns or difficulties. As a result of the ERC's expansion, all employers who took PPP loans before January 1, 2021 may now qualify for the ERC for 2020 and 2021. Additional benefits include…

  • All types of businesses can apply
  • There are no industry restrictions
  • You can use the funds for any purpose
  • This is not a loan; you do not have to pay the money back
  • There are no up-front costs
  • The qualification process is free
  • You’re eligible even if you received a Paycheck Protection Program loan(s)