Restaurant and food service businesses affected by Hurricane Sandy are advised that the Disaster Assistance Express Small Business Loan is currently offering funding in 48-72 hours. Citi Wide Merchant Funding will be processing applications starting October 29th for the next 30 days. There is no application fee and no down payment required. The application and supporting documents required can be completed entirely online. Citi Wide has already approved over $1 million dollars of funding since the storm has passed.
Unlike SBA disaster loan programs the Express Business Loan can be used to expand your business and no collateral is required. Insurance proceeds that result from Hurricane Sandy are not required to be applied to the loan balance. Personal financial statements are not required for approval or loan disbursement. Terms are available up to 2 years.
Citi Wide Merchant Funding wishes that small businesses and the communities affected by Hurricane Sandy are able to recover quickly.
Amityville, New York based Citi Wide Merchant Funding, INC is a provider of small business financing to small and mid-sized businesses across the United States. Our programs are individualized to the capital needs of each business. Since 2007 Citi Wide Merchant Funding has funded millions of dollars to businesses underserved by traditional banks. Learn more about our restaurant financing programs by calling (631)608-2811