Round Rock - Pflugerville - Hutto Edition - April 2020

INSIDE INFORMATION

Which businesses qualify for this loan?

FREQUENTLY ASKED QUESTIONS

Hotels

Manufacturers

Restaurants

Wholesalers

Economic Disaster Loans

The U.S. Small Business Administration made its economic injury disaster loan available to small businesses in virtually every industry starting March 27. COMPILED BY ANNA HEROD AND OLIVIA LUECKEMEYER

Recreational facilities

Owners of rental properties

Souvenir shops

Travel agencies

Charter boats

Sports vendors

Retailers

Nonprofits

Is there collateral?

How much can I borrow?

What is the interest rate?

3.75%

Small businesses and nonprofits can borrow up to

Borrowed amounts greater than

$2 MILLION.

$25K

may require some form of business collateral.

for small businesses

OR 2.75% for nonprofits

What is the loan term?

What can the loan pay for?

A maximum of 30 years

When is the first payment due? One year from origination

How can I apply?

Other debt obligations

Accounts payable

Payroll

Other bills

Online at https://disasterloan.sba.gov

SOURCE: U.S. SMALL BUSINESS ADMINISTRATION/COMMUNITY IMPACT NEWSPAPER

ABC Medical Center Superior Medical Care for A dul ts, B abies and C hi ldren

“Let our family treat your family.” Serving Forest Creek and surrounding areas since 2003

Sandra Esparza, MD Family Practice

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WWW.SMILEPFLUGERVILLE.COM | 512.252.4746

17

ROUND ROCK - PFLUGERVILLE - HUTTO EDITION • APRIL 2020

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