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Home COVID-19 Small Business Relief Disaster Loan Assistance Webinar

Disaster Loan Assistance Webinar

Economic Impact Disaster Loan (EIDL)

Part of the CARES Act, administered through the Small Business Administration (SBA), this loan program provides the best opportunity to recover, with the least amount of financial burden. It is being offered to all sectors of business across the United States: for profit, non-profit, non-public sectors (excluding religious organizations). For more information view the webinar below or visit SBA website.

  • Low-interest loans up to $2 million to small businesses and private non-profits
  • $10,000 loan advance that is forgivable
  • May be used to pay fixed debts, payroll, accounts payable and other bills
  • 11-month immediate deferment from time of closing
  • Low interest (3.75% for business and 2.75% for non-profit)
  • Long-term amortization (up to 30 years)
  • Apply directly with the SBA (not your financial institution)

Webinar

recorded on 3/25/2020