SBA LOANS
Annie Kruise | Published on 4/3/2020
- SBA Disaster assistance application, eligible disaster areas, and application status
- You are unable to apply if you have a credit line available from a bank.
- Interest 3.75%. Private non-profit can apply as well with interest at 2.75%.
- Loan request of up to $2M
- Loan term up to 30 years
- One year deferment on payments. Interest begins accruing upon disbursement.
- Funds cannot be used for expansions or hiring.
- May be more challenging to receive if you haven’t been open for 2 years.
- Online applications or 1-800-659-2955.
- Only $7 Billion available. Deadline to apply is 12.21.20
- If you already had a SBA loan and making payments, you can request forbearance.