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Posted on: March 20, 2020

Coronavirus (COVID-19): Small Business Guidance & Loan Resources

SBA logo 2020

All SBA Disaster Loans are applied for and funded directly from the SBA, not from any of their participating banks or lenders. This is the same SBA program you may have heard of is used after hurricanes, floods, or other natural disasters.

Through this loan program, the Small Business Administration offers the following directly to small businesses:

  • Up to $2 Million in assistance
  • Loans can be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid due to the disaster
  • Low-interest loans for working capital
  • Often have deferred payments for the first 12 months
  • Available for small businesses and private, non-profit organizations
  • Loans applied and funded through the SBA

For more information click HERE 

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