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To meet financial obligations and operating expenses that could have been met had the disaster not occurred.
Working Capital & Normal Operating Expenses
Ex: Continuation of health care benefits, rent, utilities, fixed debt payments.
Required for Loans Over $25,000
SBA uses a general security agreement (UCC) designating businesses assets as collateral, e.g. machinery and equipment, furniture and fixtures, etc.
*Advanced funds have been fully allocated and are not currently available
Borrower may make payments if they choose to do so.
5599 South University Dr., Suite 205
Davie, FL 33328