Are you considering applying for a SBA EIDL Loan, but unclear about what you need for this type of business financing? Let’s talk. Staff ready to help you, here is how it works and who qualifies: In response to the COVID-19 pandemic, SBA was given the authority to make low-interest fixed-rate long-term COVID EIDL loans to help small businesses overcome the effects of the pandemic by providing borrowers with working capital to meet ordinary and necessary operating expenses. We specialize in getting these loans quickly approved, even if your application was was previously declined.
Here are the details: ⦁ Loan amount: up to $2 million ⦁ Term: 30 years ⦁ Rate: 3.75% fixed ⦁ Deferred Payment: payments can be deferred for 24 months; no pre-payment penalty ⦁ Minimum FICO: 575 ⦁ Personal bankruptcy or tax liens DOES NOT DISQUALIFY ⦁ Sole proprietors and independent contractors eligible ⦁ Business must have been in operation or have evidence of investment to operate on or before January 31, 2020 ⦁ How loan amount determined: three times 2019 gross revenue up to $2 million Apply soon! Program ends Dec. 31, 2021 and applications take 4-5 weeks to process. Nationwide lending 🔥 Give us a call today! (800) 452-8485 for more Information or Book a time to talk.Staff ready to help you.