How much in coronavirus relief loans can a small business get?

Stephen asked 2 years ago
We need some financial assistance to continue with our AGENCY.
1 Answer
Jesse Staff replied 2 years ago
Hi Stephen. It will likely depend on the severity of the financial impact to your business. However, the SBA has issued guidance that they would make up to $2 million available to individual businesses. Interest rates would be 3.75% for small businesses and 2.75% for nonprofits. Repayment could be extended up to 30 years.

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