Tips for Small Businesses During COVID-19 Outbreak.
Did you know, the Small Business Administration is providing disaster assistance with low-interest disaster loans to help businesses recover from impact caused by the COVID-19 (coronavirus) outbreak?
In response to the Coronavirus (COVID-19) pandemic, small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
Economic Injury Disaster Loans are also available to residents in declared disaster areas.
Find out if your business qualifies and apply now.Apply for Disaster Loan
*Reference from the SBA. www.sba.gov