Yesterday, the Small Business Administration began to offer an advance of up to $10,000 on its Economic Injury Disaster Loan for businesses being disrupted by COVID-19. For businesses that are experiencing a temporary loss of revenue, funds should be made available within three working days of a successful application. The loan will not have to be repaid. You can apply for the Economic Injury Disaster Loan Advance by clicking here.
Bill Wersell, SBA, vice president of business development services at the Toledo Regional Chamber of Commerce and its Small Business Development Center, discusses the impact the advance loan can have on your business and more information on how to apply.
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