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The original item was published from 4/3/2020 11:11:00 AM to 4/3/2020 11:23:23 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).  Starting April 3, 2020, contact your FDIC-insured bank, credit union and Farm Credit System institution.  All businesses, including non profits,  veterans organizations, sole proprietorship, self-employed individuals, and independent contractors are eligible.  You will need documentation on lost business income, payroll, mortgage payments, and other operating expenses. 

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