The SEKRPC CARES Act RLF does differ from the normal SEKRPC RLF and the major differences are listed below.
Please see link here for the CARES Act RLF Pamphlet that breaks down this information into a smaller document. This serves as an informational guide for interested applicants.
The CARES Act RLF funds are being distributed on a first come first serve basis, with the first completed application (application and all supporting documents) being turned in used as the first application for consideration.
The major differences between the CARES Act RLF and the
SEKRPC normal RLF are listed below:
Applicants are eligible for 0% interest
Applicants do not have to have a denial letter from other lending sources before applying
The CARES Act RLF fund does not require leverage capital
The maximum loan amount is 25% of the available funds (Starting at 130,000.00)
If you have any questions about the SEKRPC CARES Act RLF or how it
should operate please contact the following for clarification.