Attention!!!!
Landlords / rental property owners in affected areas of the Covid19 pandemic
The SBA Economic Injury Disaster Loans (EIDL) are available for rental property owners if your state has already made the application to the federal gov.
I know Connecticut, Massachusetts, Maine, New York all have. Expect all states to eventually apply.
- These loans are up to $2MM
- The loan terms are 30 years, 3.75% rate
- First 12 months of payments deferred 💥
- No prepayment penalty
- Funds are to be used for working capital needs
Apply for free at the following:
https://disasterloan.sba.gov/e... sure to select Economic Injury!
These loans will take a minimum of 3 weeks to get to you so start now! There will be a overload of applicants and this is first come first served. Be prepared and submit a complete package! Details outlined at the link above!