ECONOMIC INJURY DISASTER LOANS
The EIDL was designed to meet financial obligations and operating expenses that could have been met had the disaster not occurred. Please schedule an appointment with one of our EIDL Specialists with the link below.
BENEFITS OF THE EIDL
30 YEAR LOAN
Unlike most loans, the EIDL provides a maturity that lasts 30 years and the payments are deferred for two years
LOW INTEREST RATE
The interest rate starts at 3.75% and will not exceed 4% for the entire maturity of the loan.
Our team at COS Accounting & Tax will take care of all the boring details. We just need some basic information from you.
HOW MUCH CAN I RECEIVE?
The EIDL can help your business receive the funds necessary to boost
your economic growth and will expire on December 31, 2021
What is the maximum loan I can receive?
The maximum EIDL loan amount is $2 million.
Can I get the EIDL forgiven?
Unfortunately the EIDL is not a forgivable loan, but it is a great loan offered with a low interest rate that will not surpass 4% with a 30 year payback period.
How long does it take to receive the funds?
The EIDL takes about 18-21 days to get approval after application submission, followed by another five days to get funding.
What information will you need from me?
We will request basic business information and your 2019 tax returns to guarantee the maximum loan amount possible. Schedule a call with our EIDL for additional questions.