As the world faces the COVID-19 pandemic, our thoughts surround the physical health of friends, families, coworkers and clients and pray no one on this e-mail contracts this virus.
Yet our thoughts are also on the financial health of restaurant and bar businesses that are the backbone of this country.
We want to share information about new SBA loans you may have heard about:
- Loans up to $2,000,000
- 3.75% fixed interest rate on loans to for-profit companies
- Up to 30-year term and amortization (determined on case-by-case basis)
- Financing to be used for working capital and more
WHAT TO DO NOW:
Apply today at the SBA website by clicking the link below. You’ll enter your company information, personal information and describe the impact of the pandemic on your business.
This National Disaster Relief Program is active -- however not all states have implemented and your state may not show as approved. At this time, 21 states have adopted these relief loans, and more are added often -- so please continue to check this list again often.
These are the only SBA coronavirus disaster relief loans currently available. However we remain hopeful additional legislature is enacted to expand the ability of lenders to provide further supplemental loan relief in the near future.
We will keep you apprised as we learn more.
