Disaster Resource:
Main Street Lending New Loan Facility
Why | What | Benefits | More Information | How to file |
---|---|---|---|---|
If your small business is in need of a new loan | The maximum size of a loan made in the Eligible Borrower’s existing outstanding and undrawn available debt, exceed four times the Eligible Borrower’s adjusted 2019 EBITDA | The loans are for 4 years with the 1st year deferred. In the last 3 years, 33.33% of the loan amount must be repaid annually. This loan is not forgivable and has risk retention of 5%. It has a LIBOR rate of +3% | Please visit icsc.com | To apply, please visit icsc.com |