Disaster Loan Assistance Available for Small Business
Federal disaster loans are available for businesses and private nonprofits from the SBA. The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
If your state has not yet filed the application to qualify, contact your local SBDC office or the state governor's office to expedite this relief.