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04-19-2021, 12:13 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
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COVID-19 Economic Injury Disaster Loan
COVID-19 Economic Injury Disaster Loan
For loans approved starting the week of April 6, 2021: 24-months of economic injury with a maximum loan amount of $500,000.
Terms:
3.75% for businesses (fixed)
2.75% for nonprofits (fixed)
30 years
No pre-payment penalty or fee
Maturity:
30 Years
COLLATERAL REQUIREMENTS
Required for loans over $25,000
SBA uses a general security agreement (UCC) designating business assets as collateral, such as machinery and equipment, furniture and fixtures, etc.
https://www.sba.gov/funding-programs...ction-header-0Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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