The U.S. Small Business Administration (SBA) is now accepting applications for low-interest, disaster-relief loans to provide working capital to small businesses suffering substantial economic injury as a result of the novel coronavirus (COVID-19) outbreak. Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Businesses can apply for loans of up to $2 million with interest rates as low as 3.75% for terms of up to thirty years. To apply for assistance, please click here

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To view the SBA webinar that describes how to apply for an economic injury disaster loan, click here

https://www.cedf.com/workshops/recordedpresentations/#disaster

To view a presentation that provides step by step instructions on how to complete an SBA loan application, click here

https://www.cedf.com/Customer-Content/www/CMS/files/SBA_Economic_Injury_Disaster_Loan.pdf

By Stephen Krauchick

DoingItLocal is run by Steve Krauchick. Steve has always had interest with breaking news even as an early teen, opting to listen to the Watergate hearings instead of top 40 on the radio. His interest in news spread to become the communities breaking news leader in Connecticut’s Fairfield County. He strongly believes that the public has right to know what is happening in their backyard and that government needs to be transparent. Steve also likes promoting local businesses.

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