Small businesses and nonprofits can borrow between $5,000 and $500,000 depending on eligibility and need, and can choose how they spend the money — on equipment, payroll, utilities & rent, supplies, marketing & advertising, eligible refinancing, building renovations and other expenses.
Loans are not forgivable. Businesses will need to pay back the full amount of the loan with interest over a 60- or 72-month term.
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