Download - up to 6 months of operating expenses $2 million 3.75% 2.75%iowasbdc.org/wp-content/uploads/2020/04/Iowa-SBDC-EIDL...up 100%to with approvalup to 6 months of operating expenses not

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Page 1: up to 6 months of operating expenses $2 million 3.75% 2.75%iowasbdc.org/wp-content/uploads/2020/04/Iowa-SBDC-EIDL...up 100%to with approvalup to 6 months of operating expenses not

100%up to with approval

up to 6 months of operating expensesnot to exceed $2 m illion

3.75% 2.75%small businesses non- profits

0% is eligible forforgiveness of loan

working capital

average monthlypayroll for the prior12 months

2.5X

payroll and approved operating expenses

no collateral on loans u/ $ 25kS B A will take best lien available

(excluding real estate) on loans o/ $ 25kno collateral required

sole proprietors , L L C 's , & corporationssmall agriculture coops and aquacultureprivate non- profits

all for- profitsprivate non- profits

no payments for first

6 m onths

no payments for first

12 m onths

on unforgiven portion

- year fixed note2 - year fixed note301%

partially funded by the U .S . S mall B usiness Administrationlast updated 04/ 06/ 2020

up to $ 10k advance grant