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Due to the Coronavirus outbreak and associated Covid19, President Trump recently authorized several new tools to help existing businesses through the temporary financial downturn:
Economic Injury Disaster Loan Program
The EIDLP is eligible to business owners in all 50 U.S. states and territories. It provides a low-interest loan for business owners due to the severe economic effects of the Coronavirus (COVID-19)
This program allows individual state Governors to provide low-interest loans to small businsses and non-profits that have been impacted due to the virus. Working capital loans of up to $2 million dollars are available for small businesses to help overcome the temporary loss of revenue due to the virus.
Click here to be taken directly to the SBA’s application page:
Click the links below for more information about this program