Written by Michael Palomba
The U.S. Small Business Administration has launched its disaster assistance program.
The SBA disaster loan “offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters.”
🎦 WATCH 🎦@SBAgov has low-interest loans available for California businesses & nonprofits who have been economically hurt because of the #Coronavirus.
These loans can be used to cover accounts payable, debts, payroll, & other bills.
More ℹ️ & to apply:https://t.co/RTHUTyHKhw pic.twitter.com/6w5ltoYkiF
— Senator Shannon Grove (@ShannonGroveCA) March 27, 2020
Business owners can use the loans to help with a multitude of disaster-related problems, including but not limited to:
- Physical damage to assets
- Economic Injury
- Machinery and Equipment
- Inventory
The process to apply is simple and can be completed here.
From there you can see if the SBA has issued a disaster declaration in your area, apply for a disaster loan, and check the status of your application.
