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The original item was published from 3/30/2020 5:41:00 PM to 4/3/2020 11:11:23 AM.

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Posted on: March 30, 2020

[ARCHIVED] COVID-19 New Economic Stimulus Package for Small Business

The Small Business Administration has made available the Economic Injury Disaster Advance Loan of up to $10,000.  The advance loan is in connection with the SBA’s Economic Injury Disaster Loan Program of up to $2 million. Apply for this loan here.

The SBA is fast-tracking two additional loan programs created by the federal economic stimulus package (CARES ACT).  These programs are the Paycheck Protection Program and the Small Business Debt Relief Program.  Expect guidance and further instructions on these programs in several days.

In addition finding loan applications at the SBA website, the SBA will be making funds available at banks and other lending institutions locally.  More information about banks and other lending institutions will be posted to this website as soon as the information is available.

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