There’s never been a better time to invest in your business
If you’re thinking of adding space, machinery or equipment for your business – now is an ideal time. You may qualify for six-months of interest and principal free loans offered by the SBA!
Do you know what funding options are available to your business?
At more than 330 pages, the CARES Act contains an overwhelming amount of information. It includes programs you’ve likely heard about – the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).
It also includes a provision that has gotten less attention, but could greatly benefit small businesses. In simple terms, it provides subsidies for business loan payments.
Payment relief for SBA loans
If you’re considering financing options now, the CARES Act allows for the SBA to cover the principal, interest and any associated fees for 7(a) and 504 loans, for a six-month period.
These are full payments intended to provide relief to borrowers during challenging times. This benefit is for existing loans and new loans made and fully disbursed between March 27 and Sept. 27, 2020.
Helping you survive, recover and be ready to grow
As COVID-19 continues to challenge businesses in Jefferson and Dodge counties, we want to remind you that we are here to help. Our Back to Business program provides your business with customized assistance designed to get you the resources you need to survive, recover and grow, post pandemic. There is never a charge for our services.
Getting started is easy
Terms have never been better, but time is limited. Contact us to learn more about funding options that are available to you, including the loan subsidies outlined in the CARES Act.
To get started, complete the simple intake form using this link, and we’ll contact you within 48 hours.