COVID-19

In our response to the COVID-19 crisis, JBAG remains actively committed to championing small businesses. We know this is a rapidly evolving situation, and we are staying on top of the new information and recommendations coming from the CDC and the U.S. Department of State. In the meantime, you can rest assured in knowing that we are at 100% capacity and ready to assist you with your business funding needs focused on being a supportive and engaged partner to the small business community as we navigate this challenging time together.

Here, we share some of the financing options available to businesses affected by the Coronavirus:

The Small Business Administration Disaster Loans:

  • Rates 6-8%

  • Terms 3-30 Years

  • Funding Amounts $50,000-$5,000,000

  • Collateral Possibly Required

  • Discounted Fees

Coronavirus Alternative Working Capital Loans:

  • Rates 8-15%

  • Terms 1-5 years

  • Funding Amounts $10,000-$5,000,000

  • No Collateral Not Required

  • Discounted Fees

 There are multiple types of credit lines available to businesses affected by COVID-19 (Coronavirus) in both secured and unsecured structure. The SBA offers a secured interest-only line of credit for all business (not just affected by Coronavirus). Additionally, there are 0% APR unsecured lines of credit for businesses affected by Coronavirus. Both of these programs require a credit score of, at least, 680 to qualify.


Coronavirus Lines of Credit:

  • Rates As low as 0% for 12 months

  • Terms 1-3 years

  • Funding Amounts $10,000-$500,000

  • Collateral Possibly Required

  • Discounted fees

Eligible Industry Types:

  • Trucking

  • Logistics

  • Freight

  • Transportation

  • Import/Export

  • Restaurants

  • Tourism

  • Entertainment

  • Airlines

  • Travel

  • Events

  • Education

  • Health Services.

 

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