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Coronavirus: Small Business Administration to Make Economic Injury Disaster Loans Available in Response to Pandemic

  • disasterlegal
  • March 16, 2020
  • 4:16 pm
  • No Comments

Small Business Loans are now available to aid small business that have been impacted by Coronavirus (COVID-19) (Click to Read more)

  • Loan amount of up to $2,000,000 per borrower
  • Carry an interest rate of 3.75% (2.75% for non-profit organizations)
  • Payable over a term of up to 30 years
  • Proceeds of the loans may be used to pay existing fixed debt, employee payroll, accounts payable and other expenses of operation

 

 

Read more information at the SBA website 

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