Small Business Loans during the Covid-19 Crisis.
May 2020 Update - Emergency funding WAS available to small businesses of less than 500 employees. Loans available for up to $2MM with favorable terms. Click here for more information from Forbes.com. SBA application is below.As of May 2020 - EDIL Disaster Loans have been discontinued for all businesses except Agricultural.
Assistance to Keep Your Company Payroll for 8 weeks.
The CARE Act provides Paycheck Protection Loans for up to $10MM with favorable terms, including loan payment deferment for six months to a year. Loan may be forgiven if company maintains it's payroll for 8 weeks. Contact your usual business bank for details. This is not administered by the SBA.
$10,000 to Keep Your Business Running
Funded by the SBA. In the event you are denied a Loan by the SBA, after reviewing your Disaster Loan application, small business can be offered a $10,000 grant to keep your business running. This is not a loan, so does not need to be repaid.
(Note: On the last page of the application, you will see option for selecting $10,000 grant - click to accept.)
SBA DISASTER LOANS
EMERGENCY GRANT $10,000
MARKETING IN A DOWNTURN
Some Additional information on marketing in a economic downturn.
Some Additional information on how to manage stress.