SBA Economic Injury Disaster Loans now available! The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for businesses dealing with losses during the coronavirus pandemic. The SBA loans would offer up to $2 million per business to help overcome the temporary loss of revenue.
We are being told that applications will take 2-3 weeks for approval and funds will be received 30-45 days from the time you submit your application. Some banks will be offering bridge loans, if you verify that you have submitted an SBA application, or show an approved SBA application. All businesses can apply for a loan. You do not have to prove that you are eligible for a loan from a bank.
Click here to apply
[SBA COVID-19 Financial Resources Page] [Upcoming Webinars]
Economic Injury Disaster Loan (EIDL) Advance – The EIDL Advance provides economic relief to businesses that are currently experiencing temporary difficulties. This program is available directly from the SBA: www.sba.gov QUESTIONS: For specific questions, you can reach out to the following contacts:- • WCEDA
- • Business Answer line at (800) 940-7232
- SCORE Southeast Wisconsin is available by phone at (414) 297-3942, or visit www.score.org
- • WWBIC Especialista Comunitario de Empresas Latinas: Lily Alvarado, Consultora Bilingue de Pequeños Negocios, (414) 395-4536, Lily.alvarado@wwbic.com
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