Good news! You are eligible to get additional funds from the SBA. Talk to a CPA near me to learn the details – or read our handy summary here.
As you know, the SBA has quadrupled the COVID-19 EIDL limit to $2 million.
Please keep in mind that the program could end any day when it runs out of money. Again, here is a summary of the program.
- The COVID-19 EIDL program runs through Dec. 31, offers 30-year loans with fixed interest rates of 3.75% for small businesses, including sole proprietors and independent contractors, and
- Payments are deferred for the first two years (during which interest will accrue), and principal and interest payments are made over the remaining 28 years.
- COVID-19 EIDL recipients may use loan proceeds to pay the debt incurred before and after submitting the loan application.
- Previously, the funds could be used only for working capital needed to sustain the business until it could resume normal operations.
CPA Near Me: Palma Financial Services
It is time to secure your loan increase before the funds run out!! Book Your EIDL Increase Assessment Here.