Take advantage of low-interest business loans and alleviate economic stress with government-backed financing serviced by BRB.
The recently-approved CARES Act included an additional $310 billion to reinvest into communities and support small businesses. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact the bill also expanded the small business category by including businesses with fewer than 500 employees.
The Business Interruption Plan offers maximum loan amounts of $10,000,000 and includes the possibility of a 6-month deferment and loan forgiveness.
The qualification process is simple. Can you say 'yes' to these two questions?
- Was your company in operation on February 15, 2020?
- Did you have employees on February 15, 2020?
Due to high-demand, we cannot guarantee the approval of new applications. Contact your nearest BRB location for more information.