- The SBA’s Economic Injury Disaster Loan program provides low-interest loans of up to $2 million to small businesses and private non-profits affected by the coronavirus pandemic.
- These working capital loans can be used to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. They have repayment options of up to 30 years.
- Interest rates are 3.75% for small businesses and 2.75% for private non-profits. Loans will have a deferred payment of one year from the date of note.
Join an online training
The Illinois District Office is hosting webinars on the Economic Injury Disaster Loan Program covering:
- Use of proceeds
- Filing requirements
- Additional small business resources
Choose the date and time most convenient for you. Click the link to register now.
More webinars will be announced soon! Watch your email for future trainings.