The law authorizes loan terms up to a maximum of 30 years. However, the law restricts businesses with credit available elsewhere to a maximum 7-year term. SBA sets the installment payment amount and corresponding maturity based upon each borrower’s ability to repay. Source: U.S. Small Business Administration
By law, the interest rates depend on whether each applicant has Credit Available Elsewhere. An applicant does not have Credit Available Elsewhere when SBA determines the applicant does not have sufficient funds or other resources, or the ability to borrow from non-government sources, to provide for its own disaster recovery. An applicant, which SBA determines … Continued
Credit History – Applicants must have a credit history acceptable to Small Business Association (SBA) Repayment – Applicants must show the ability to repay all loans. Collateral – Collateral is required for physical loss loans over $25,000 and all Economic Injury Disaster Loans loans over $25,000. SBA takes real estate as collateral when it is … Continued
U.S. Small Business Administration Loans Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. Economic Injury Disaster Loans (EIDL) … Continued
Department of Treasury Form PD F-1048 (I) from your bank or at www.ustreas.gov and mail to: Department of the Treasury Bureau of the Public Debt Savings Bonds Operations P.O. Box 1328 Parkersburg, WV 26106-1328
Lending institution
Bureau of Citizenship and Immigration Services 1-800-375-5283
The IRS center where filed, your accountant or 1-800-829-1040 Local Internal Revenue Service office: Santa Rosa Taxpayer Assistance Center 777 Sonoma Ave. Santa Rosa, CA 95404 Monday-Friday – 8:30 a.m.- 4:30 p.m. Office Information 707-535-3859 Make Appointment 844-545-5640 Services Provided Account inquiries (help with letters, notices and levies on your wages or bank account) Adjustments (changes to tax account … Continued
Your attorney
