On the EIDL loan from SBA you cannot use it to refinance or buy new equipment. It's for running expenses, yes you can use it to make a truck payment but not refinance.
3.75% interest for 30 years your first year of the loan is free from making payments. No penalties for paying loan off early.
You must have a bank account in your business name, they will not deposit the money into a personal bank account.
Whole process from applying to money going into your account takes less than a week.