For many small businesses in the path of Super Storm Sandy, the last quarter of 2012 was a financial challenge. Just as a large collective breath was taken and business owners forged ahead to make the first quarter of 2013 a success, Nemo blasted through the region as a winter storm to some and as a blizzard to others.
Businesses in the hardest hit areas may face numerous challenges. Streets may have been closed for days resulting in loss of revenue as well as loss of production. Physical damage to office space or inventory may have occurred. In addition, suppliers may be affected and unable to provide needed materials and customers may be facing financial challenges as well resulting in cancelled orders or late payments.
SSC loans for small businesses guaranteed by the Business Administrations. With our multiple SBL funding programs, get a minimum loan amount of $5000.00 - $5M provided through an SSC private lender. The three main SBL loan programs let you borrow money for nearly any business purpose—including working capital, purchasing inventory or equipment, refinancing other debts, or buying real estate—through these SBL-guaranteed loans. Long term of up to 5 - 25 years with an interest rate of 2.5%.
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