GOOD NEWS The Government Pulled Through – WE HAVE A BILL!!

Updated: Mar 31



GOOD NEWS The Government Pulled Through – WE HAVE A BILL!! Here’s what $367B of the unprecedented $2.2T Economic Stimulus Package means for Small-Midsize businesses SBA 7(a) Relief Loans (Funded through SBA-approved lenders, not directly by the SBA) • Loan amount up to $10,000,000 • Interest rate cap of 4% • 10-year full payout loan, and payments may be deferred for one year • Unsecured and no personal guarantee • A portion of your loan may be eligible for loan forgiveness • Loan proceeds are only for payroll support including medical leave, costs related to health benefits, employee salaries, mortgage payments, rent, utilities, insurance, and any other debt payments • Borrower SBA Guarantee Fee will be waived • No prepayment penalties Contact us for more information! https://www.11capitalfinance.com/relieffund

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