|
In this issue
Watch this newsletter for updates on resources available to small businesses. We're also maintaining a list of resources available to small businesses on our website.
As part of the Federal CARES Act, Small businesses can now apply for an advance of up to $10,000 on federal Economic Injury Disaster Loans through the U.S. Small Business Administration.
Visit www.SBA.gov/Disaster to apply now.
- A new application needs to be submitted, even if you have previously applied for EIDL assistance through the SBA.
- This advance may be available even if your application was initially declined or is still pending.
- Applying for the advance will not impact the status or slow your existing application.
The federal CARES Act was signed into law on March 27, 2020, to provide emergency assistance for small business owners and non-profits. Learn more at home.treasury.gov/cares.
Contact
For questions about SBA EIDL loans and advances:
1-800-659-2955 or (TTY: 1-800-877-8339)
DisasterCustomerService@sba.gov
The federal Paycheck Protection Program is a low-interest loan program designed to help small businesses keep their workforce employed.
Learn more and apply at SBA.gov/coronavirus
This new loan program will be available retroactive from February 15, 2020, so employers can rehire recently laid-off employees through June 30, 2020.
View this new guide on the DEED website to see at a glance all the programs available now to businesses.
Over the past few weeks, several state and federal programs have been announced to assist small businesses struggling during the COVID-19 pandemic.
Different programs make sense for different businesses, so DEED has developed a summary guide to help small businesses quickly see which programs might be right for their situation.
|
