The EXPRESS Relief Funding Program provides assistance to businesses that are affected by COVID-19 and who have not applied for, and received funding via the SBA Economic Injury Disaster Loan (EIDL) Program.

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Businesses who received a loan via the SBA Paycheck Protection Program are still encouraged to apply for funding via the EXPRESS Relief Funding Program.

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Qualified businesses may receive up to $150,000.00 of Disaster Relief Loan assistance through the EIDL Program.

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Borrowers should note: you may attempt to submit your application for the EIDL on your own; but should you do so, you will no longer be eligible for the Express Relief Funding Program.

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The parameters of the EXPRESS Relief Funding Program are as follows:

 

CRITERIA:

- Business must have been established BEFORE 01/01/2020
- Business must NOT have applied for the SBA Economic Disaster Relief Loan OR Grant
- Minimum Credit Score of 570+
- For-Profit Businesses Only

 

TERMS

- 3.75% Fixed
- No payments from 6-12 Months
- 30 Year Amortization
- Up to $150,000 in Funding

 

USE OF FUNDS

- Meet financial obligations and operating expense that could have been met, had the COVID-19 Disaster not occurred.
- Working Capital

 

FORGIVABLE

- No

 

MATURITY

- 30 Years
- No payments for 6-12 Months