SBA’s Economic Injury Disaster Loans & Loan Advance

SBA’s Economic Injury Disaster Loans & Loan Advance

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital, low-interest loans of up to $2 million that can provide vital economic support and help overcome temporary loss of revenue.

Advances of up to $10,000 will be awarded within three days of application and can be used to keep employees on payroll, pay for sick leave, meet increased production costs, or pay business obligations Loan advances will not have to be repaid.

Here’s the link to apply. Make sure you are on the SBA site before filling out or submitting any information:

https://covid19relief.sba.gov/#/