More Good News: Coronavirus (“COVID-19”): Small Business Guidance & Loan Resources: Economic Injury Disaster Loan Program
The COVID-19 pandemic has severely impacted small businesses with issues such as loss of revenue, incapacity to make payroll, employee layoffs, inability to maintain inventory, supply chain interruptions, and other unforeseen circumstances. In our efforts to monitor and report on new options to consider, small business owners in Georgia and certain other states are now eligible to apply for a low-interest loan due to COVID-19. The Small Business Administration (“SBA”) will provide targeted, low-interest loans to small businesses for working capital of up to $2,000,000.00 that can provide vital economic support to small businesses that have been severely impacted by COVID-19 so that they will be able to overcome the temporary loss of revenue and other issues they are experiencing.
For more information on the SBA’s Economic Injury Disaster Loans Program and other SBA guidance, please visit the following links: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources and https://www.sba.gov/funding-programs/disaster-assistance.
We will be happy to schedule a telephone call to discuss this very important matter.