Using Small Business Administration Loans to Help Your Business During The COVID-19 Shutdown
SBA Loans can help you fund a franchise, but what happens after you’re already in business and a major problem happens? With businesses temporarily shutting their doors, making sure there is a business for people to return to is a top priority.
The Small Business Administration (SBA) is lending up to $2M, 3.75% interest, 30-year term disaster relief loans. The line is quickly filling up as businesses are rushing for help. If you were not eligible in the past, you may be eligible now, and if approved, you may not have to lose any employees, and can put some of the money towards growing the business so an unforeseen event won’t be so hard to digest in the future.
We can help you get an SBA loan to get your business and employees over the COVID-19 hump, set up an appointment here, or reach out through the contact page and we can get the process started for you!
Mark Cuban Recommends SBA Loans
Mark Cuban stopped by The Mike Wise Show to offer his thoughts on how franchisees and small business owners can utilize this downtime to work on getting your business ahead when things turn around, and to use SBA loans to get through the current COVID-19 hump.
Says Cuban,
“…I strongly recommend that every company get in line and start applying for Small Business Administration loans…”
Hit play for the full interview.
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