The EXPRESS Relief Funding Program provides assistance to businesses that are affected by COVID-19 and who have not applied for, and received funding via the SBA Economic Injury Disaster Loan (EIDL) Program.

Businesses who received a loan via the SBA Paycheck Protection Program are still encouraged to apply for funding via the EXPRESS Relief Funding Program.

Qualified businesses may receive up to $500,000.00 of Disaster Relief Loan assistance through the EIDL Program.

Borrowers should note: you may attempt to submit your application for the EIDL on your own; but should you do so, you will no longer be eligible for the Express Relief Funding Program.

The parameters of the EXPRESS Relief Funding Program are as follows:

CRITERIA:
- Business must have been established BEFORE 01/01/2020
- Business must NOT have applied for the SBA Economic Disaster    Relief Loan OR Grant
- Minimum Credit Score of 570+
- For-Profit Businesses Only

TERMS
- 3.75% Fixed
- No payments from 6-12 Months
- 30 Year Amortization
- Up to $500,000 in Funding
- Net up to $400,000 (20% Fees paid from proceeds)
- $731 /mo Payment
USE OF FUNDS
- Meet financial obligations and operating expense that could have been met, had the COVID-19 Disaster not occured
- Working Capital

FORGIVABLE
- No

MATURITY
- 30 Years
- No payments for 6-12 Months
 

BEFORE PROCEEDING

There is documentation needed along with this application in order to process the loan accordingly. We recommend you do this application on a computer and not a phone or tablet, as documents uploaded must be done so in PDF Format (No Images Allowed).

You will need the following:

Articles of Organization / Incorporation -OR- DBA
Proof of EIN (IRS Document -OR- Taxes)
Voided Business Check

Photo ID FRONT & BACK (Drivers License or Gov Issued ID)
Credit Score Confirmation (mySCOREiq $1.00 Trial  CLICK HERE)
Website Presence Required (Website, LinkedIn, Facebook, etc O.K.)

NOTICE TO THE APPLICANT:

This application is to assess the qualification of businesses seeking business funding be it from the EXPRESS Relief Program. In the event you do not qualify for  the EXPRESS Relief program, we may have alternative financing through Lines of Credit, MCA, and Short-Term Financing. These loans are unsecured and should be treated as such.

11 Capital Finance and it's related entities are not affiliated in any way with the Small Business Administration, or the Economic Injury Disaster Loan. Rather, 11 Capital provides a service in assisting business owners in processing applications via participating lenders. 

A Soft Inquiry shall be done to determine the credit score and as a result, the risk factor of the loan; NO HARD INQUIRIES are being performed by 11 Capital Finance, or its affiliated entities, until a contract with an offer is signed. Credit is pulled on the day of funding.

It is important to note; once the credit is pulled it may trigger lead generation by other lenders and brokers.

 

Should you have any questions please reach out to our admin team at businessloans@11capitalfinance.com

Please Note, you MUST have some form of online presence to proceed with your application. This can be: Website, LinkedIn page, Facebook page, Blog, or other. Anyone without an online presence will be requested to provide one or unfortunately not be able to proceed.

SUPPORTING DOCUMENTATION

Please note, all uploads must be in PDF Format.