Questions
What's an EIDL loan?
An Economic Injury Disaster Loans (EIDL) is provided by the government through the U.S. Small Business Administration (SBA) to reduce what entrepreneurs and their business suffer due to COVID-19.
Who can apply?
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Churches
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Consultants
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Contractors
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Entrepreneurs
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Farmers
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Foundations and non profits
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Franchisers
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Independent employees (IRS Form 1099)
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Restaurants
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Sole proprietors
Which are the loan terms?
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Max amount $150,000
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Duration 30 years
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Annual interest rate of 3.75% (Non profit 2.75%)
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First payment due on 13th month.
How can we help?
Ayuda Network does the loan preparation service and followup through the entire process with the U.S. Small Business Administration (SBA).
Ayuda Network is declared in the application as the loan preparer.
What do I need?
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The business tax identification number (EIN o SSN)
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A bank account where SBA will deposit the money.
Price
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Non refundable application fee $450
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Commission of 2% contingent upon receiving the loan (Not charged if loan is denied)