The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital and to overcome the temporary loss of revenue to small businesses in designated states and territories that have experienced substantial economic injury as result of COVID-19.
Upon a request received from a state’s or territory’s governor, the SBA will issue an Economic Injury Disaster Loan declaration under its own authority. Here are additional details related to the Economic Injury Disaster Loan assistance:
Contact Doeren Mayhew’s business advisors with any questions.
Updated March 25, 2020: Please note all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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