PITTSBURGH (KDKA) — The U.S. Small Enterprise Administration is providing low-interest federal catastrophe loans amid the coronavirus outbreak.
The loans are for Pennsylvania small companies struggling substantial financial damage, the administration says.
“These loans could also be used to pay fastened money owed, payroll, accounts payable and different payments that may’t be paid due to the catastrophe’s impression. Catastrophe loans can present important financial help to small companies to assist overcome the non permanent lack of income they’re experiencing,” SBA Administrator Jovita Carranza stated in a launch.
The rate of interest is 3.75 p.c for small companies, and the rate of interest for personal non-profit organizations is 2.75 p.c.
The deadline to use is Dec. 21.
Click on right here to use on-line.
Or name the SBA’s Buyer Service Heart at 800-659-2955 or e-mail [email protected] for extra data.