Greater Florence Chamber of Commerce issued the following announcement on December 20.
Join the South Carolina District Office and our Resource Partners to learn about the Economic Injury Disaster Loan (EIDL). This is a direct government loan of up to $2 million to small businesses and non profits that were in operation as of Jan 31, 2020.
Interest Rate and Term:
- Businesses: 3.75% fixed for 30 years
- Private nonprofit organizations: 2.75% fixed for 30 years
- 24 month deferment period for repayment
- Loan applications taken through 12/31/2021 (or whenever funding is exhausted, whichever comes first.)
- Grant applications should be submitted by 12/10/2021 as they MUST finish processing by 12/31/2021.
Original source can be found here.
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