Loan 504 sba DEBT RELIEF, HOUSING FINANCING
This is a loan with the right to forgiveness whose only requirement is to have support for each expense you invest in your business. The 504 loan can be used in:
- Basic Bill Expense (electricity payments, water payment, internet, Ect, Etc…)
- Payment of attendees
- Rent payment
- Remodeling
- Food for children
- Purchase of Appliances (crib, mattresses, kitchen, beds, toys, refrigerator, etc.)
Loan 504 sba
Our offices are in charge of assisting each of the program providers, who will assist you from filling out the program to concluding the program with the program letter. Two calls will be made a month to verify how you have invested the money, if you have the receipts for each investment for the business, each payment must be supported by payment from debit cards, credit cards or checkbooks, this is so if you lose a receipt you can recover it quickly with your bank.
This loan is based on the economic crisis that the country is going through, the objective of which is that each business can save while it is in the program and have an economic cushion for next year.
WHY IS IT A LOAN AND NOT AN AID?
This program is based on a loan because for the PPP, many people did not know how to invest in their business and did not know that they had to pay for this program if not invest it exclusively in their ruble, and given the program it was aimed at as aid, they wanted to sue for it. that to not pay and because of that the IDEL AND THE PPP PROGRAM was cancelled, now it enters as an inactive loan for one year, which during that time you have to demonstrate with a letter addressed to the SBA and attach the support of each expense generated for your business.
WHAT ARE THE REQUIREMENTS TO BE ABLE TO REQUEST THIS TYPE OF PROGRAM?
Information to Send
- HUD Assistance Application Form
- Photocopy of a receipt with home address
- ID photo on both sides
- Identity Validation Photo.
- Proof of Cancellation of Closing Costs Advance Payment Fee.
WHERE DO I HAVE TO SEND IT
All this must be sent to this email: sba.financialprogram@usa.com
DEBT RELEASE PROGRAM
This program was made to free her from some debt that does not help her move forward to continue in business. The program does not help to cancel all debts but rather to reduce up to 40% of the debt and lower the interest to a fixed 3.5% per year. In some cases it could be reduced to 0 but it depends on whether it can be verified what the debt was invested in.
DEBTS THAT APPLY TO THE PROGRAM
- MORGEST DEBT
- AUTO LOAN DEBT
- STUDENT DEBTS
- FEDERAL LOAN DEBTS (SBA, PPP, IDEL, RETIREMENT LOANS, OR ANY FEDERAL LOANS)
- CREDIT CARD DEBT
- HOW LONG THIS PROCESS LASTS: THIS PROCESS CAN LAST UP TO A MONTH IF YOU DO NOT ANSWER THE CALL, BUT IF YOU CONTINUE WITH THE PROCESS IT CAN LAST A MAXIMUM OF 2 WEEK OR 1 WEEK
HOUSING FINANCING
This program is created for all people who want a house, it can be financed through the DEPARTMENT OF URBAN DEVELOPMENT, the program helps you find a realtor near your area to search and locate the house of your dream, the program helps you With a reduction of up to 40% of the total value of the house which automatically reduces the interest and your morget, the program also helps you with some of the expenses that arise when buying a property (lawyer fees, paperwork, up to 50% % of taxes), the applicant has to count on hand the down payment expense, closing expense and title company expenses. This purchase is not made with a bank, but with independent investors. They buy the house and They sell it with the program interest of 3.5% annually.
