SBA Deadline for Working Capital Loans in North Carolina and Virginia Approaching for Businesses Affected by Excessive Rain
… and ranchers. The loan amount can be up to $2 million with interest rates of 3 percent for small businesses and 2.75 percent for private nonprofit organizations, with terms up to 30 years. The SBA determines eligibility … to replace lost sales or profits. Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s …