SBA.gov Low-interest loans are now available.

Update: SBA.gov Low-interest loans are now available in certain states. To check, you can click as if you are applying and it will come up with eligible states/counties.

If you are not an eligible state: contact your local Small Business Development Center and they will collect your information to contact you as soon as funds are available.

FEMA and HUD (among with other sources)will be making funds available for economic development/emergency stimulus grants and low/no interest loans for businesses impacted by COVID-19.

Key Steps to Filing....

Step 1. Go to https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Step 2. Document lost revenues and wages.

Step 3. Document mandatory closures with date/ time stamped letters. While it’s all still fresh in your mind, start writing down a narrative/timeline of the events that have occurred and the timing specific to your business.

Step 4. Take photos and, if possible, have losses verified by a third party inspector or insurance/ bank etc. on an official loss report.

#smallbusiness #covid-19 #sba