Shocking Truth About the New EIDL Loan Hardship Program

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  • Опубликовано: 24 дек 2024

Комментарии • 6

  • @7FiguresFunding
    @7FiguresFunding  3 месяца назад

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  • @francoishewing3135
    @francoishewing3135 3 месяца назад +1

    This is great info. So businesses that are the economic foundation of this country are suffering and need relief. This info is going to help some awesome businesses.

  • @boomcrypto8347
    @boomcrypto8347 3 месяца назад

    Great content as usual. Student here. Signed up months ago but just getting serious, making a website now. Thanks

  • @JimHohl
    @JimHohl 3 месяца назад

    Seems like this is only available for loans under $200k? Is that your understanding as well?

    • @francoishewing3135
      @francoishewing3135 3 месяца назад

      To qualify for the EIDL Hardship Accommodation Plan, your loan must be under $200,000. This plan allows borrowers to make reduced payments, typically 10% of their normal monthly amount, for six months, with a minimum of $25. The remaining loan balance accrues interest during this time, leading to a potential balloon payment at the end of the loan term. If your loan exceeds $200,000, you must contact the SBA for special consideration​. Thanks for watching content