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Covid Relief Program: We've made funding your business even more affordable
The SBA has now stopped accepting all new applications for the Covid-19 EIDL as of January 1, 2022, but that doesn't necessarily mean the covid restrictions & impacts on small business have stopped.
Sapphire Advance's COVID-19 Relief Program has introduced the following updates to our regular funding program:
Funding Updates:
Maximum term length extended from 12 months to 24 months
Max. funding amount increased from $750,000 to $2 Million
Factor rates now starting as low as 15%
Weekly payments now available for all industry types. (New Bi-weekly payment plan introduced to select loyal Sapphire clients upon renewal)
We’ve always known that small businesses are the heart of the U.S. economy, but the Covid-19 Pandemic has affected small businesses to a degree never seen before in history. Many have been forced to choose between restricting operations, closing indefinitely, or run the risk losing their employees to illness.
