up to 6 months of operating expenses $2 million 3.75%...
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![Page 1: up to 6 months of operating expenses $2 million 3.75% 2.75%iowasbdc.org/wp-content/uploads/2020/04/Iowa-SBDC-EIDL...up 100%to with approvalup to 6 months of operating expenses not](https://reader036.vdocuments.net/reader036/viewer/2022082004/6012185def7537251817fdee/html5/thumbnails/1.jpg)
100%up to with approval
up to 6 months of operating expensesnot to exceed $2 m illion
3.75% 2.75%small businesses non- profits
0% is eligible forforgiveness of loan
working capital
average monthlypayroll for the prior12 months
2.5X
payroll and approved operating expenses
no collateral on loans u/ $ 25kS B A will take best lien available
(excluding real estate) on loans o/ $ 25kno collateral required
sole proprietors , L L C 's , & corporationssmall agriculture coops and aquacultureprivate non- profits
all for- profitsprivate non- profits
no payments for first
6 m onths
no payments for first
12 m onths
on unforgiven portion
- year fixed note2 - year fixed note301%
partially funded by the U .S . S mall B usiness Administrationlast updated 04/ 06/ 2020
up to $ 10k advance grant