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Small Business Flex Fund

Small businesses and nonprofits can borrow up to $150,000 and the money can be spent flexibly, including on payroll, utilities & rent, supplies, marketing & advertising, building improvements or repairs, and other business expenses.

Low interest rates:

  • Borrow up to $150,000
  • 3% – 4.5% Interest rates
  • No fees & interest-only payments for the first year
  • 60-month & 72-month loan terms
  • 72-month loan term only available until 12/31/21

Eligibility requirements:

  • Fewer than 50 employees
  • Annual revenues of less than $3 million
  • Experienced direct economic hardship due to COVID-19
  • Have been in business for one year/prior to June 30th, 2020