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Fast New Loan to Help Local Small Businesses

MoFi is excited to share a new federal recovery program from the SBA—it’s called the Community Advantage Recovery Loan (CARL) Program. Some of the features of the program include:

  • Provides fast availability of funds (fewer than 10 business days)
  • All payments are waived for the first six months
  • Includes consulting services to help small business owners adjust in response to COVID
  • Businesses are eligible even if they have received PPP/EIDL/state relief funds
  • Simple online application
  • Available for a limited time – loans must be approved by September 27, 2020

Click on link below for more details:


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