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SBA to Provide Disaster Assistance Loans for Small Businesses Affected by Coronavirus

SBA to Provide Disaster Assistance Loans for Small Businesses Affected by Coronavirus

Author: NazStore/Thursday, March 19, 2020/Categories: Industry News - Graphic

(Quoted from SDG. Full article here.)

The U.S. Small Business Administration is trying to reassure businesses around the nation who are impacted by the coronavirus that help is available. A statement issued last week was meant to assure small businesses in the U.S. that they can pursue avenues to lessen the financial blow—current and future—caused by the COVID-19 pandemic.

The SBA says that its Economic Injury Disaster Loan program offers up to $2 million in assistance for a qualifying small business that has been hit by the impact of COVID-19. The program calls for certain small businesses and private, non-profit organizations in designated areas of a state or territory to be eligible to apply for relief through the SBA.

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