AVAILABLE SBA LOAN PROGRAMS:
Qualifications have been dramatically simplified by the SBA
This SBA loan program has been extended until the end of October. The government will likely vote on another VERY large 2nd stimulus package that will dramitaclly increase the SBA's budget. Now is the time to prepare your application for submission before the next rush of applications flood the SBA.
VERY Simple application process.
Get $100,000 to $150,000 deposited into your business bank account within in 1-2 weeks or less in most cases.
NO APPLICATION FEE
No payments to SBA for first 12 months.
30 year pay back at a very low 3.75% interest.
Performance fee: A 12% is charged after the loan is funded, for expediting & processing your application.
Existing businesses formed 11/15/2019 or before.
Requirements have been reduced. The requirements are:
- FOR EXISTING BUSINESS: In business as of November 15, 2019
- You must have a business EIN number in good standing,
- You must have a minimum 575 credit score as reported by credit.com (Free report)
- You must have a business banking account.
- You cannot have had a previous SBA loan (there may be exceptions - call for details)
**You CAN receive this loan even if you had a PPP loan
Everything is handled electronically.