COVID EIDL FAQs as of September 3, 2021 - Small Business Administration
No personal guaranty is required for nonprofit organizations or Employee Stock Ownership Plans (ESOPs). Underwriting: Loans $500,000 or less: • For profit businesses: Minimum credit score of 570 is required • Repayment ability of for-profit businesses will be determined by the owner’s credit score Loans greater than $500,000: ................
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