Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).
With additional funding provided by the new COVID-19 relief package, SBA has resumed processing Economic Injury Disaster Loan (EIDL) Loan and Advance applications already in the queue on a first-come, first-served basis. According to the SBA, if you previously submitted an EIDL application, received correspondence from SBA, and have a loan number that begins with a “3” then your application is in the queue. Any non-agriculture businesses that completed an EIDL application before March 29th, and received a confirmation # starting with “2” but has not yet reapplied through the streamlined portal may re-apply to complete their original application here.
The U.S. Small Business Administration is providing an Economic Injury Disaster Loan (EIDL) Advance of up to $10,000 to all eligible small businesses (including sole proprietorships) and non-profit organizations that successfully submit an EIDL application. EIDL Advances do not have to be repaid and have no reporting requirements.
The advance can be used for payroll and other operating expenses. Three things to keep in mind:
Applicants will not be required to pay back the advance if they are subsequently denied for an EIDL loan.
Advance calculation will be $1,000 per employee with a maximum advance of $10,000.
In the Additional Information section towards the end of the application be sure to click the box asking whether you “would like to be considered for an advance of up to $10,000.”
For more information on existing SBA programs as well as those yet to launch, check out the updated SBA Resource Guide. You can also contact the SBA directly at email@example.com or (800)-659‐2955.