Texas SBA Loan — COVID19
Earlier this week, Governor Abbot issued an executive order to mitigate the spread of Coronavirus.
The small business administration (SBA) will provide small businesses that were impacted by the Coronavirus epidemic. The loan amount is up to $2 million in funding. The loan also has 3.75% interest rate and is payable over a 30 year term. The SBA loan is distributed in installments based on business needs.
Small businesses in Texas will have to provide financial documentation to determine their eligibility and the amount.
Here at Calderon Legal Group we are determined to help small businesses weather the storm and succeed over the long term. Contact our office so that our team of attorneys and CPAs can assist you with this process.