SBA to Increase Lending Limit for COVID-19 EIDL Loans to $500,000!

Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from a maximum loan amount of $150,000 to a maximum loan amount of $500,000.

Highlights

N

Loan Terms: 30 years

N

Rate: 3.75% (2.75% for non-profit)

N

Up to $500,000

N

Payments are deferred for 18 months with NO Prepayment Penalties!

N

Can apply for as many businesses you own

Requirements

N

Must have been in business prior to January 31st, 2020

N

Applicant cannot be a felon (within 5 years)

N

Applicant cannot have defaulted on any government loans in the past

N

Minimum Experian credit score of 600

N

Applicant cannot be more than 60 days late on child support

N

Proceeds must be used for working capital (payroll, overhead, etc.)

If this is your first time applying, contact us ASAP!

If you have already applied for the EIDL loan and have been turned down, please contact us. We may be able to turn that decline into an approval!

Covid funding extended until Dec 31st, 2021

The process takes about 4 weeks and most files approve without income documentation.

*The process takes anywhere from 2 days to 3 weeks to fund. Most files approve without income documentation.
**Proof of revenue is not required, as long as the SBA can verify the business on their end.

General Inquiry Form

9 + 3 =

**Please Note: Pre-qualification quotes are based on existing credit cards being the client’s primary lines, not authorized users. Please inform us if any accounts are AU’s.

Disclaimer: I am not a Certified Financial Advisor, U. S. Securities Dealer, Stock Broker or Investment Adviser. I am a business consultant and acting in the capacity of a financial intermediary who provides advice to private individuals on or about business matters. .Please understand that the contemplated transaction(s) is strictly private and in no way relates to the United States securities act of 1933 (THE”ACT”) and does not involve the sale of registered securities. This transaction(s) are private and exempt from the act.