SBA Loans Available for Small Businesses Suffering Due to COVID-19

The United States Small Business Administration (SBA) issued guidelines for how to apply for $2 million in low-interest 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.

You can learn more by visiting the SBA website here.