SBA Loans can be used for (1) payroll costs, (2) health insurance premiums and paid sick leave, (3) employee wages, (4) payments of interest on mortgage obligation, (5) rent, (6) utilities, (7) interest on any other debt obligations before covered period; Non-recourse, no personal gurantee for the loan; Max interest rate of 4%; No prepayment penalty.
Maximum loan amount:
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