Two types of loans are available to help your small business right now if it's under distress from Covid-19 and has less than 500 employees.
Paycheck Protection Program - Coming April 3rd issued by public lenders. A forgivable loan when used for payroll, utilities, and rent during a specified time period. Learn more here https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp.
Economic Injury Disaster Loan - Available now. Issued directly by the government. Get up to $2,000,000 at 3.75% interest with repayment terms up to 30 years, personal guarantee required. Learn more here https://www.sba.gov/page/disaster-loan-applications.
RoboTop has conducted extensive research into these loans for our customers.
If you are a fabricator or business owner in need of assistance, please give us a call. We're happy to help.
Sincerely,
Ryan Baptiste
RoboTop Founder
252.202.2322