COVID EIDL FAQs as of September 3, 2021
Interest Rate . Businesses: 3.75% fixed Private nonprofit organizations: 2.75% fixed . Payment Deferment . Payments are deferred for the first 2 years (during which interest will accrue), and payments of principal and interest are made over the remaining 28 years. No penalty for prepayment. Fees For loans $25,000 or less: ................
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