- Business must have been established BEFORE 01/01/2020.
- Business must NOT have applied for the EIDL loan OR Grant.
- Minimum Credit Score of 570+.
- For-Profit Businesses Only.
- 3.75% Fixed.
- No payments from 6-12 Months.
- 30 Year Amortization.
- 20% Tax Deductible Processing Fee (payable at closing goes to *CDFI).
USE OF FUNDS:
Meet financial obligations and operating expenses that could
have been met, had the COVID-19 Disaster not occurred.