(NEW JERSEY) - Do you have a business that has been affected by Coronavrus? Well the U.S. Small Business Administration has rolled out an opportunity just for you. You could apply for a low interest business loan to carry you through this unusual economic downturn. The maximum loan amount is 2 million dollars, for 30 years repayment, at 3.75% interest rate for businesses and 2.75% interest rate for private non-profits. Applicants must first register with SBA.
"Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela. Paper loan applications can be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org."
For more detailed information, check out the picture slides below.
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