We are successfully navigating, processing SBA applications for clients. The systems are slow during peak hours and requires, at minimum:
- Financials
- Insurance policy info
- Owners/structure information
- Tax returns
- Personal financial statement
TERMS:
- No payments for 12-months
- 3.75% Interest. 2.75% for Non-profits
- Calculation for determining estimated amount you qualify for: Revenue (less) Cost (divided) by 2
- 30-year loan repayment
- Must be able to prove hardship
- Use of funds received will be audited. Documentation must be provided to avoid penalty
We will continue follow the things affecting small business. More details can be found on Facebook and our website.
