SBA Relief

SBA COVID-19 Relief Loan Program

Prime Commercial Lending offers SBA COVID-19 Relief Loans to help businesses recover and thrive during the coronavirus pandemic. On March 19, 2020 the White House unveiled a $300 billion relief package so that select lenders can provide special SBA loans to businesses impacted by COVID-19. As a preferred lender, Prime Commercial Lending is able to provide SBA relief loans up to $10 million so that businesses can support:

Payroll

Health Benefits

Rent or mortgage payments on commercial properties

Utilities

Other debt obligagtions

COVID-19 Relief Loan Benefits 

The new SBA relief loan program from Prime Commercial Lending features:

  • Financing up to $10 million
  • 100% government-guaranteed funding through December 31, 2020
  • Available to SBA-eligible borrowers and not-for-profits
  • Loans structured around payroll, expenses, employee layoffs, and debt obligations
  • In-house approvals and underwriting to expedite the lending process
  • Easy application forms

Qualifications and Restrictions

Borrowers are eligible for debt forgiveness equal to related expenses and payroll coasts from March 1, 2020 through June 20, 2020. Debt forgiveness and relief is proportional to the number of employees laid off, excluding any salaries in excess of $100,000. SBA relief loans are available to both regular and seasonal businesses. Business owners must supply supporting documentation along with their applications to qualify for financing.

Contact Us Today

The SBA relief loan program will only be available for a limited time, in accordance with the Coronavirus Aid, Relief, and Economic Securities (CARES) Act. We have streamlined the application process to provide businesses with financing for recovery and relief throughout the United States. Contact Prime Commercial Lending today and get the funding your business needs to thrive during the COVID-19 pandemic.

LOAN REQUEST FORM

  • Loan Preferences

  • Business Information

  • Eligibility Questions