The Senate Has Approved $484 BILLION in Additional Funds to Help Businesses
Great news! The U.S. Senate has approved $484 Billion in additional funding, most of which is to refill the SBA loan programs (including the $10k Advance, SBA Disaster Relief Loans-EIDL, and the PPP).
More good news!
Many of the businesses we have helped apply have received grants and loan offers:
–$500,000 SBA loan (3.75% fixed rate, 30-year payback, first payment in 12 months)
–$171,000 SBA loan (same terms)
–$89,000 SBA loan (same terms)
+ a handful of advances between $2,000 and $7,000
The Senate passed a $484 billion coronavirus relief bill which includes aid for small businesses as well as hospitals and money to expand testing.
The bill now heads to the House, which hopes to approve the legislation this Thursday.
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