NEW Federal Relief Program Update!

New EIDL Loan Increase, New SBA Loan Increase

🔗 https://myfranchisecpas.com/interim-loan/

 

Get More Funding!

On September 8, the federal government updated a major disaster relief program that offers up to $2,000,000 for businesses. In order to have a fighting chance to obtain funds, you need to apply NOW at the link above.

The program ends 12/31/2021 or when funds run out, and from our experience, funds run out VERY QUICKLY!

We have streamlined process to apply as quickly as possible to give you a fighting chance!

Relief details:
1. Loan amounts up increased to $2M, based on on 2019 or 2020 gross profit
2. Funds can now be used to pre-pay existing and future business debt and service debt payments (previously only allowed to be used on operating expenses)
3. No payments due for 24 months
4. Term: 30 years
5. interest: 3.75% fixed

 

* To qualify you must meet the following criteria:

  • Your business started operations prior to 1/31/2020
  • Business has positive gross profit (i.e. revenue > cost of goods sold) in 2019 or 2020
  • You are not bankrupt
  • Credit score of >570

 

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