Attention Business Owners, Independent Contractors, Sole Proprietors:
We are now able to process SBA COVID Relief EIDL loan - up to $150,000.
Loan Terms: 30 years
Rate: 3.75% (2.75% for non-profit)
Payments are deferred for 12 months with NO Prepayment Penalties!
Can apply for as many businesses you own.
Must have been in business prior to January 31st 2020.
Applicant cannot be a felon (within 5 years).
Applicant cannot have defaulted on any government loans in the past.
Applicant cannot be more than 60 days late on child support.
Minimum Experian credit score of 600.
Proceeds must be used for working capital (payroll, overhead, etc.).
The process takes anywhere from 2 days to 3 weeks to receive a decision.
TIME IS OF THE ESSENCE! We only have until December 2021 OR until funds run out!
If you need help getting your application in correctly, let us help!
Business Funding Pros
*Those who qualify for the max funding (150k) have 2019’s revenue at 300k or higher.
**Proof of revenue is not required, as long as the SBA can verify the business on their end.