The Small Business Administration (SBA) is working directly with states to provide targeted, low-interest Economic Injury Disaster Loans to businesses and nonprofits that have been severely impacted by the COVID-19 pandemic and to help overcome the temporary loss of revenue.
Small businesses can receive up to $2 million in disaster assistance loans in certain eligible areas.
To qualify for loans, the business must be located in a Current Disaster Declaration Area. It also must qualify as a small business, meeting requirements for maximum number of employees or maximum revenue.
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