Has Your Small Business Been Impacted by Coronavirus (COVID-19)?
Republication
from the U.S. Small Business Administration Website
April
4, 2020
SBA’s Paycheck Protection Program for
Small Businesses Affected by the Coronavirus Pandemic Launches
The U.S. Small Business
Administration Administrator Jovita Carranza launched the Paycheck Protection
Program, a $349 billion emergency loan program created last week with the
President’s signing of the Coronavirus Aid, Relief, and Economic Security Act
(CARES). The program provides forgivable loans up to $10 million to small
businesses left financially distressed by the Coronavirus (COVID-19) pandemic.
The loans, which will be administered at the local level by a national network
of banks and credit unions, are designed to maintain the viability of millions
of small businesses struggling to meet payroll and day-to-day operating
expenses.
“These loans will bring
immediate economic relief and eight weeks of financial certainty to millions of
small businesses and their employees,” SBA Administrator Carranza said. “We
urge every struggling small business to take advantage of this unprecedented
federal resource – their viability is critically important to their employees,
their community, and the country.”
Federal Coronavirus Resources
State, local, and
federal agencies are working together to maintain the safety, security, and
health of the American people. Check out coronavirus.gov
for updates from the White House's Coronavirus (COVID-19) Task
Force. Go to cdc.gov
for detailed information about COVID-19 from the Centers for Disease Control
and Prevention.
Virtual Mentoring and Training
Offices around the
country may be closed to the Coronavirus pandemic, but SCORE, Small Business
Development Centers, Women’s Business Centers, and Veterans Business
Outreach Centers and other resource partners are providing free business
mentoring and training by phone, email, and video.
SBA District and Regional Office Webinars on Disaster Assistance
SBA district and
regional offices are offering webinars about Economic Injury Disaster Loans.
These webinars explain
SBA's Economic Injury Disaster Loan program and how you can apply for disaster
assistance.
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