Our 1159 South community has many small businesses and independent contractors who need relief now! Check out the SBA’s summary of a $10,000 loan advance that does not have to be repaid and has the potential to be funded within 3 days.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. 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.
The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.U.S. Small Business Administration
Eligible applicants include businesses, private (not public) non-profits independent contractors, and sole proprietors. Click here to see if you qualify and to apply.