As a response to the COVID 19 pandemic, the SBA is administering a $350 billion dollar disaster relief program for small businesses and non-profit profit organizations. Unlike other governmental disaster loans, with this federal relief program, business owners do not have to provide collateral or a personal guarantee because these business loans are 100% backed by the government.
Loans are up to $10 million per small business with a maximum interest rate of 4%, terms stretching up to 10 years, with the option to make no payments for the first 6 or 12 months. Lenders will also provide an emergency 10K within 3 days of applying for aid. Even more attractive, by holding onto your employees for eight weeks, businesses will qualify for loan forgiveness.
Don’t wait one second longer, here is your opportunity to save both your business and your employees livelihood. Our team of highly specialized and experienced consultants will put together your SBA loan application, carefully explain each step along the way and ensure your approval with the right SBA backed lender.