We are here and ready to lend a hand to help CCSA Members apply for the SBA Disaster Loan if we can verify that you may be eligible. The process is quite lengthy and requires a lot of information so it’s not for the weak at heart. You’ll need to have good records, good credit and a proven track record in your business. If we feel that you are eligible, we will help you gather data to apply at no additional charge to CCSA Members.
SBA’s Economic Disaster Loan Information
Eligibility – Any small business operating in an eligible business allowed by the SBA and most non-profits that do not have available credit elsewhere
Qualifications – Good credit history; Can demonstrate the ability to repay the loan; Can prove eligibility from economic loss
Loan $ Amount – up to $2M based upon the size and type of your business
RepaymentTerms – 3.75% interest rate with terms up to 30 years
Allowed Use of Funds – fixed debts, payroll, and accounts payable. These loans are NOT designed to replace lost sales or profits
Collateral – Loans over $25,000 require the business and real estate, if available
Application Filing Requirements – Complete SBA loan application form; IRS Form 4507T from all owners and affiliate companies; Most recent federal tax return; Debt schedule (SBA form 2202) and a personal financial statement (SBA form 413) for all owners. Additional information may be requested.
