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Small Business Administration Economic Injury Disaster Loan Program for Coronavirus (COVID-19)

SBA’s Economic Injury Disaster Loan Program

Small Business Administration Economic Injury Disaster Loan Program for Coronavirus (COVID-19)As we are all aware, small businesses across the country were shocked by the Coronavirus (COVID-19) and have lost significant amounts of revenue due to social distancing and/or local ordinances. Last week, President Trump signed the third and final economic stimulus package into law. The law is providing a $349 billion fund for federally-guaranteed loans for small businesses with less than 500 employees.

  1. Go to the SBA website to see if they qualify   https://www.sba.gov/size-standards/
  2. If they qualify, then have the insured apply for COVID-19 Economic Injury Disaster Loan https://covid19relief.sba.gov/#/

Details:

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Small Business Administration Economic Injury Disaster Loan Program for Coronavirus (COVID-19)
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