COVID EIDL FAQs as of September 3, 2021 - Small Business Administration
$2 million Note: SBA will begin approving loans greater than $500,000 on October 8, 2021 . Loan Term . 30 years . 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 ................
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