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SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans

03/17/2020 1:43 PM | Anonymous

SBA is offering disaster relief assistance loans for businesses that have significant economic impact from the COVID-19. NY is currently preparing their request to participate in the program.  Visit  www.sba.gov/coronavirus for detailed information and links to the disaster loans to begin compiling required paperwork.  The business loan program which will become available is called “Economic Injury”.  One thing to consider is that there may be a different loan amount that a business would need today compared to months from now when the economic injury is truly compiled.