Source: TSBDC | June 17, 2020
SBA has reopened the program portal to all eligible applicants experiencing economic impacts due to COVID-19.
SBA’s EIDL program offers long-term, low-interest assistance for small businesses and non-profit organizations. These loans can provide vital economic support to help alleviate temporary loss of revenue.
EIDL assistance can be used to cover payroll, inventory, or fund other expenses.
Additionally, the EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid.
Learn more and apply at: https://www.sba.gov/disaster
** Those that have already applied do not need to reapply. Applications that have been already submitted will continue to be processed.**