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Businesses are currently in a financial tailspin. Bills are going unpaid and new business is hard to find. As part of the $2 trillion relief package recently approved by Congress, the SBA has made available, to qualifying businesses, a special federal program entitled the Economic Injury Disaster Loans. These loans are meant to help small businesses by providing working capital to pay fixed debts, payroll, accounts payable, and other bills that are becoming unpaid because of the disaster's impact. These low interest loans are currently at 3.75% per year. With terms extending up to 30 years. The amount of the loan can vary with a maximum of $2 million. The amount awarded will depend on the loss suffered by each individual applicant.
The SBA application process is complicated and requires complex financial and tax disclosures. Professional assistance with your application will expedite the process and increase your chances of securing a desirable loan. It's challenging to prove the economic harm necessary for approval, and failing to do so, may lead to disqualification altogether. This tax law firm can reduce your risk by guiding you through the process. The SBA will consider each applicant on a case-by-case basis.
We can help explain your situation, so they will understand why your business deserves to participate in this relief program. Please contact me at (858) 481-4844 and ask about this SBA Disaster Loan Application.
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