Today the GSDC team joined other economic development professionals in hearing directly from the SBA about planned disaster loan assistance. Key points include:
- up to $2M available per business
- 3.75% interest rate
- up to 30 year term
- no banks involved-loan comes directly from the SBA.
Note: You cannot apply until the SBA declares Illinois/Cook County a disaster area. we expect this within days (the Governor declared it last week). Find more information about this program at https://disasterloan.sba.gov/ela/ or contact your Greater Southwest Business Development Team, Andrew Fogaty and Erika Gonzalez.
For Spanish, click here.
For Spanish, click here.
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