The CARES Act has Passed!
The Federal Government has just allocated 349 billion dollars toward relief for small businesses due to the coronavirus pandemic. Millions of businesses are projected to apply all at the same time. Get your place in line today!
Do not wait!
Let us help you Get the MONEY you NEED and DESERVE!
Capital Funding and our Partners have designed a low cost program to help guide you through the application process and receive CARES ACT funding quickly and efficiently. Our Licensed Partner has an easy, and cost-effective way for your business to obtain disaster relief funds.
The CARES ACT has two relief programs to help Small Businesses survive this pandemic.
Paycheck Protection Program (PPP)
100% federally guaranteed loans will be made available to businesses of fewer than 500 employees (higher for certain industries) and who maintain their payroll during this emergency to cover payroll costs, continuation of group health care benefits, employee salaries, commissions, mortgage payments, rent, utilities and interest on any other debt obligations for the period February 15, 2020, through June 30, 2020
Key highlights:
- Loan for up to 250% of monthly payroll, not to exceed $2 million
- Up to 8 weeks of payroll covered
- Forgiveness of these loans is available, if conditions met
- Loans are capped at .05% interest 2 year term. Payments deferred for 6 months
Economic Injury Disaster Loans (EIDL)
The Small Business Administration (SBA) has issued disaster declarations for every state, allowing small businesses nationwide to access additional emergency funding under its existing EIDL program with more lenient requirements. This program provides loans to cover costs that would have been payable by the applicant had the disaster not occurred.
Key highlights:
- Emergency advance of up to $10,000 within 3 days of applying for an EIDL Loans up to $10 million
- 1% fixed interest rate
- Repayment over 30 years with principal and interest deferment for up to four years
- Elimination of personal guarantees for loans under $200K, and requirement that business is in operation for one year
This Is The Most Inexpensive Funding You Are Likely To Ever See So Take Advantage Now.
Our CARES CONCIERGE APPLICATION SERVICE
Will Take The Guess Work Out Of The Complicated Submission Process
RAPID ASSISTANCE FROM EXPERTS AND EXPEDITED RELIEF
Here are the Details of the CARES Act
BASIC AND CONCIERGE APPLICATION SUPPORT
Basic PPP and EIDL = $499 | Concierge PPP and EIDL = $2,499
We want to make sure we give you the personal attention you deserve.
Fill out and submit this form and an SBA Loan Specialist will contact you within the next 24-48 hours.
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Capital Funding News is not a Lender and we do not make underwriting decisions.