The process doesn't have to be daunting. We are here to help.
Are you stumbling when filling out the applications?
Do you want to talk through a process that makes sense for your business?
Request a meeting with one of our business counselors here.
As we continue to navigate these waters, we are planning to host a number of webinars on various topics of entrepreneurship. Our goal is to have something for the person wanting to start a business during this time, all the way to something for the business owner looking to keep their business afloat.
We hosted a number of webinars to go through all of the disaster relief funding options and answer any questions you may have regarding the process. To watch our previously recorded webinar, click the button below. More webinars on new topics to follow.
SBA Economic Injury Disaster Loan (EIDL)
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 (up to $10,000) 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.
Before starting the application, please read the fact sheet/checklist.
Paycheck Protection Program
The Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll).