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Newly launched Charleston Hospitality Group campaign, “Full Belly, Full Hearts” has provided over 2,500 meals to those affected by the current crisis. 


CHARLESTON, SOUTH CAROLINA, April 9, 2020 — Sam Mustafa, CEO of Charleston Hospitality Group (CHG) proudly welcomes First Reliance Bank to join his nationwide movement to feed unemployed hospitality workers, their families, and healthcare responders through the COVID-19 health crisis. Over 2,500 meals have been donated through delivery or pickup service with another 2,000 full-service Easter holiday meals being prepared for this Sunday. 

Since the start of the “Full Belly, Full Hearts” campaign, Mustafa has been vocal in urging others to get involved in this movement across America and partner together to help make a difference. 

First Reliance Bank, a privately-owned bank with 14 locations across the Carolinas, responded to this request to support their communities and encourage other financial institutions and restaurants to get involved and do ...

Below is a comparison of the two SBA relief programs that are available in response to the Coronavirus pandemic. This is intended to be a high-level, easy-to-understand comparison.

  Economic Injury Disaster Loan (EIDL) Paycheck Protection Program (PPP)
Who will give me my loan? The loan will be directly with the SBA. As a qualified and preferred SBA lender, First Reliance Bank can make the loan.
How much can I borrow? The maximum loan amount under the EIDL is $2 million. The lesser amount of:
Your Avg. Monthly Payroll* Costs x 2.5
– or –
$10 million.
*Payroll includes salaries, commissions, tips, certain employee benefits (including health insurance and retirement benefits), state and local taxes and certain types of compensation to sole proprietors or independent contractors. Payroll costs specifically exclude employees who are compensated at $100,000 or greater, foreign employees, FICA and income tax withholdings.
What is the annual interest ...

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