Interest Deferred for 30 Months | How Interest is Paid on EIDL

All the Interest deferred for 30 months gets paid UP FRONT! If you haven't entered your repayment period, but you make early payments, the entire payment is allocated to interest and ZERO principal!

Once you enter the repayment period MOST of your payment recaptures that deferred interest and only a small portion of the payment goes towards principal. That means you won't pay the loan off in 30 years!  

It means you'll have a lump sum or "Balloon" payment due to pay off the remaining principal you didn't pay with your monthly payments.

Sound confusing?  IT IS! The SBA doesn't make repaying the loan easy.

That's why you need our Post Closing Blueprint.  We prepared this guidebook with our expert knowledge to help you navigate:

✅ Creating payment accounts with SBA
✅ What to do if you're in Default
✅ What happens if your business closed
✅ ALL obligations under the terms of the loan, such as submitting annual financial statements.

Post-Closing Blueprint:
https://www.auroraconsulting.biz/product/post-closing-requirements/

VISIT OUR YOUTUBE COMMUNITY PAGE:
https://www.youtube.com/c/LindaReyandTrevor/community

IF OUR INFO has been useful, helpful & productive, please leave a GOOGLE REVIEWS so other business owners find this channel for SBA EIDL information:
1. https://g.page/AuroraConsulting/review
2. https://business.google.com/reviews/l/02154723169345025639

💥 WHO WE ARE

Trevor retired from Mortgage Banking in 2018. He brought the standards he developed in his mortgage financing career along with his customer service background with the once famous "Crazy Eddie" retail chain to assist business owners and entrepreneurs manage the day-to-day doldrums when it came to securing business financing before & during COVID.

In 2017, Linda Rey exited the insurance business and with Trevor, we launched Aurora Consulting, a Commercial Financing Brokerage to help entrepreneurs expand their enterprise with unique, cost effective business financing solutions.

When the pandemic hit, the business shut down as Lenders scrambled with the Paycheck Protection Program (PPP).

As true entrepreneurs do, Linda Rey and Trevor pivoted and sought to help business owners learn the fundamentals about business financing and how to apply for the SBA’s Economic Injury Disaster Loan (EIDL).

They had enough experience with how to apply for a business loan, so their knowledge helped to enlighten business owners who were navigating the very confusing EIDL process.

Aurora Consulting developed a national reputation assisting business owners all over the country and helped to secure over $70 million (that we know of) in disaster funding for small business owners.

Now we counsel when we can on our YouTube Channel to update business owners, applicants and borrowers how to secure business funding.

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