Tag: business loan calculator
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SBA EIDL Loans: Payments Resume for Struggling Small Businesses
During the COVID-19 pandemic, the Small Business Administration (SBA) provided a lifeline to over 3.9 million small business owners through Economic Injury Disaster Loans (EIDL). These 30-year loans came with a fixed interest rate of 3.75%, offering financial support to struggling businesses. While payment pauses were initially granted, the deferment periods have now ended, and…