NexWest Capital understands on macro level, the Coronavirus is already having a negative business impact. The SBA already has Disaster Assistance Loans, for when disaster strikes, with low rates and long-term paybacks which make U.S. Small Business Administration (SBA) disaster assistance loans an affordable option for businesses affected and need economic disaster recovery assistance.
Even businesses with the best preparedness planning, a disaster can affect your business. But know, the U.S. Small Business Administration (SBA) offers two low-interest loans, possibly a zero-interest rate coming from the President due to Coronavirus designed to help you keep up and running.
Economic Injury Disaster Loans – up to $2 million, with these loans being for small businesses affected by economic disaster to help meet working capital needs or normal business operating expenses through the recovery period. Businesses are eligible for these loans regardless of whether or not they have suffered property damage. The maximum loan for any combination of property damage and/or economic injury is $2 million.
The U.S. Small Business Administration (SBA), is a federal agency that provides loan guarantee programs and other services to support and encourage the growth and development of small businesses across the United States. It was founded on July 30, 1953, and has delivered over 20 million loans, guarantees, counseling sessions, contracts, and other forms of assistance to small businesses across the country. SBA loans are offered to merchants through multiple financial institutions.
The SBA guarantees a portion of the loan, which makes it easier for NexWest to provide loans to small businesses that may fall in a higher risk category. These businesses may not be in a strong enough financial position to obtain traditional bank small business loans, and therefore rely on the SBA guarantee.
In light of current events and the near-inevitable future risks to small business solvency, NexWest Capital firmly believes that federal emergency assistance will be made available to mitigate the above mentioned outcomes in the form of emergency Small Business Administration and possible at zero-interest loans will be made available to small businesses. The SBA loan terms allows small businesses to focus on operational expenses.
Get ahead of this if your company is starting or already being negatively impacted and apply now NexWest Capital.
NexWest Capital Facts About Applying
• Our Pre-qualification process is easy and quick.
• Pre-approval only requires a “soft inquiry” on your credit which will not affect your credit score.
• There is no obligation to accept the loan if it is approved.
• It is not necessary to know how much to ask for when applying.
“Start Now” on NexWest Capital website. (www.nexwestcapital.com)