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Covid and the possibility of SBA Disaster Loans

In January, we had a representative of the Small Business Administration visit our C3 group. Desiree gave us all sorts of information about the resources SBA has for small businesses. She didn’t talk about Covid-19 being a disaster for our region at the time; but an economic disaster is what this is turning into for some businesses in Washington. Now it sounds as if there is a possibility that the SBA might be able to help out small businesses with the disaster loan program.

Economic Injury Disaster Loan Program

The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 

  • Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.

Please note that details of eligibility and administration of this emergency assistance from SBA are still being determined, but here is a link to a form that can get the ball rolling.

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