$5 Billion over 5 years
BMO EMpower is a $5 billion commitment over five years to address key barriers faced by minority businesses, communities and families in the United States. Through lending, investing, giving and engagement in our local communities, BMO EMpower is tackling barriers to inclusion in the financial services industry to create more opportunity for recovery and success.
BMO EMpower is a $5 billion commitment over five years to address key barriers faced by minority businesses, communities and families in the United States. Through lending, investing, giving and engagement in our local communities, BMO EMpower is tackling barriers to inclusion in the financial services industry to create more opportunity for recovery and success.
BMO EMpower is a $5 billion commitment over five years to address key barriers faced by minority businesses, communities and families in the United States. Through lending, investing, giving and engagement in our local communities, BMO EMpower is tackling barriers to inclusion in the financial services industry to create more opportunity for recovery and success.
APPLICATION DEADLINE
September 27 - 5pm
Greetings
Wisconsin Business Owners
Effective Immediately!
First American Capital Corporation is offering SBA Microloans up to $50,000 with the first six months of principal and interest payments covered for you by the U.S. Small Business Administration (SBA) - as an element of the Coronavirus Aid, Relief and Economic Security Act (CARES Act).
SBA Debt Relief Loan Product
This is a limited time offer – and the clock is ticking - as the SBA six month “debt relief period” only applies to loans fully closed/disbursed by September 27th, 2020 and is dependent upon available funding.
designed to help eligible businesses fund:
Purchase of equipment
Inventory
Fixtures
Supplies and/or working capital needs
If a borrower is approved for a $50,000 SBA Microloan with a three-year term at 8% interest prior to 9/27/2020, the first six months of principal and interest payments totaling approximately $9,400 would be made on your behalf by the SBA. At month seven, your principal balance is now approximately $42,475 and you have saved approximately $1,876 in interest expense.
Here is an example of how this FACC debt relief loan product works:
We are all in this together, and we will get through this together...FACC is here to help!
For more information on FACC loan products, COVID-19 Business Resources, and FACC business capacity building development services, visit the FACC Website at:
To learn more, please contact FACC Loan Officer Bill Beson (bill@aiccw-facc.org / 715.820.2619).