Business Recovery Loan Program

Business Recovery Loan Program 2021-04-06T15:31:55+00:00

Businesses can apply for accessible, attractive, affordable, and adaptable financing. There are two loan programs with the features shown below.

Business Recovery Loan (BRL) that might help with cash flow, up to $50,000.  Key features include:

  • Low Interest. . . . . . . . (as low as 0%),
  • Deferred Payment . . . . .(no payments – up to 12 months
  • Extended Repayment . . . . . . (up to 3 times asset life)
  • Quick approval  . . . . . . . . . . . . . . (standardized on-line application) 
  • Flexible Payment Terms . . . . . . . (low monthly payments to fit your budget)

You can Apply on-line or download application materials . . . . . here.

Business Gap Financing (BGF) Loan that might help with larger loans up to $250,000.  Key features include:

  • Low Interest. . . . . . . . (as low as 4.0%),
  • Fixed Rate . . . . . . . . . . . . . . . .(same rate throughout loan
  • Subordinated Collateral . . . . . . . . (second position behind primary lender
  • Flexible Payment Terms . . . . . . . . . . (low monthly payments to fit your budget)

You can download application materials . . . . . here.

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