Frequently Asked Questions
The New Biz Stimulus Program provides easy to qualify for unsecured credit lines to US businesses. The New Biz Stimulus Program is offered by the IDF SBA FUND. Citizens of the United States, aged 18 or over, that are creating a startup venture and are affected by covid-19 or are indigenous/minority/women-owned businesses are eligible for funding.
By prioritizing access to indigenous, black, brown, and women entrepreneurs, who are often unable to acquire necessary startup funding due to financial and credit criteria, the IDF SBA FUND also seeks to help close the nation's wealth gap by empowering entrepreneurship.
IDF SBA FUND is the International Development Fund for Small Business Assistance. IDF SBA FUND is Federally Registered in the United States of America and in the State of Kansas (Entity #9776394). The IDF SBA FUND is a legal corporation and not a government agency.
2020-2021 New Biz Stimulus Program
IDF SBA FUND has allocated funding for a minimum of 10,000 U.S. businesses in 2020-21 to receive an unsecured line of credit of up to $50,000 each. Funding is limited and only the first 10,000 people approved through 2021 will be awarded financing of up to $50,000 each.
The New Biz Stimulus Program and IDF SBA FUND issued lines of credit are not loans or grants and may only be used for Professional Graphic Design, Web Design, Web Hosting, Video Production, Digital Marketing, Color Business Cards, Color Brochures, Color Postcards, Computerized Point of Sale Systems, Social Media Design, Social Media Advertising, Course Creation and other authorized business products or services.
In order to qualify to receive benefits from The United States New Biz Stimulus you must be:
- Citizen of the United States
- Aged 18 or over
- Have a Driver's License
- Have a Checking Account
- Creating a startup venture (less than 2 years old)
And you must also be one of the following:
- Affected by covid-19
- Indigenous-owned business
- Minority-owned business
- Women-owned businesses
By prioritizing access to indigenous, black, brown, and women entrepreneurs, who are often unable to acquire necessary startup funding due to financial and credit criteria, the IDF SBA FUND also seeks to help close the nation's wealth gap by empowering entrepreneurship.
98% of applicants to the New Biz Stimulus fund will be approved
IDF SBA FUND lines of credit work just like any other major credit line. IDF SBA FUND will extend a line of credit to your business that can only be used towards business products and services. IDF SBA FUND requires a down payment of 10% of the total amount and will finance the rest of your purchase for goods and services. No interest is charged and you will be invoiced on a monthly basis for any balance due. There is a minimum payment requirement of 2% of the original finance amount for each invoice.
The New Biz Stimulus Fund offers many goods and services through its partnerships, many of which have free and financed offerings. These are goods and services EVERY new business needs and normally has to pay in-full, up-front out-of-pocket. Various products and services are available, including, but not limited to:
Automated Business Phone Line
Web Site Design & Hosting
E-Commerce Development
Domain Name Registration
Internet & Search Engine Marketing
Social & Viral Marketing
Logo Design
Graphic Design
Business Cards
Postcards
Brochures
Letterhead
Envelopes
Computer Inventory/POS (Point Of Sales) Systems
Major News Publicity
Bestselling Author Status
Cash Advances
Merchant Accounts
and much more!
At this time, cash deposits are not provided with the standard line of credit. Real estate or other investments are not a part of the funding. Payroll is not a part of the funding.
The New Biz Stimulus Fund offers many goods and services through its partnerships, many of which have free and financed offerings. These are goods and services EVERY new business needs and normally has to pay in-full, up-front out-of-pocket. Various products and services are available, including, but not limited to:
Automated Business Phone Line
Web Site Design & Hosting
E-Commerce Development
Domain Name Registration
Internet & Search Engine Marketing
Social & Viral Marketing
Logo Design
Graphic Design
Business Cards
Postcards
Brochures
Letterhead
Envelopes
Computer Inventory/POS (Point Of Sales) Systems
Major News Publicity
Bestselling Author Status
Cash Advances
Merchant Accounts
and much more!
There are many reasons entrepreneurs choose the IDF SBA FUND to assist in starting a business. These include:
- 98% fast approval rate
- 0% Interest charged
- No security deposits
- No personal guarantees
- Affordable monthly payments
- Get your business open, online & ready for business in days.
- advertising and marketing
- Color printing
- Full support and real-world business resources
- FREE leadership and marketing training to help you grow your business
- and much, much more!
IDF SBA FUND lines of credit do not have any finance or interest charges of any kind (0% interest).
We only work with new businesses or existing ones under 2 years old. The IDF SBA FUND and U.S. New Biz Stimulus package is designed specifically to stimulate the US economy by helping small businesses get started.
There are no restrictions on the type of business structure you use for your business. Any type of legal business in the USA can qualify for an IDF SBA FUND line of credit.
Credit is not necessary for our unsecured line of credit. Bad credit, bankruptcy, etc. will not hinder you from being approved for a credit line with us.
No. 98% of all applicants who apply will receive a line of credit through IDF regardless of their current credit status. Approval is based upon verification of the information provided on our Credit Application. We have 2 ways you may submit your Application:
Online EMail Form - Apply Now Online
PDF Form - Suitable for Printing, Mail or Fax to Us
NO personal guarantees will be required from qualifying entrepreneurs.
Your contact information is used as collateral (business phone number, business domain name, business social profiles). Because we fund new startups, this will all be new information. If you have already acquired some contact information, you will need to transfer administrative access and ownership to IDF SBA FUND until your balance is paid in full.
You will be required to make regular, monthly on-time payments toward any balance due, just as you would with any other lease or line of credit.
New Biz Stimulus owns all materials and real or intellectual property until the balance due is paid in full.
New Biz Stimulus logo, tagline, links, etc. may be discreetly added to your websites, products services, and materials.
New Biz Stimulus may require you to use approved vendors for any or all services subsidized or leased through IDF SBA FUND.
Approval is fast and easy! We can usually get you approved and have your funding closing within a few weeks or less once we have received a completed application.
IDF SBA FUND builds all customer websites in house. Whether you need a basic brochure site, e-commerce, or custom programs written, IDF SBA FUND employs experienced designers and expert programmers to get the job done cost effectively and fast.
Yes! IDF websites come with a maintenance package and many are fully automated allowing you the customer to access your website and make changes at will. You simply log into your back office and make any changes you see fit. It’s as easy as editing an e-mail or word document. The best part is you can see your changes live immediately. No special training is required.
Yes. IDF can do a complete makeover of your existing website.
Most standard websites can be completed within one week or less. Advanced sites will vary depending on how labor intensive the website is.
Yes, domain name registration costs CAN be paid for with your line of credit.
For quality control purposes, all IDF client websites will be hosted on IDF SBA FUND servers.
Yes. You would need to have administrative access to the account transferred to IDF SBA FUND as collateral until your balance is paid in full.
Possibly. You would need to have administrative access to the account transferred to IDF SBA FUND as collateral until your balance is paid in full.