by Kelly Starzec | May 4, 2020 | COVID Archives
Effective Monday April 4, 2020, agricultural businesses are eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. The legislation provides additional funding for farmers and ranchers and certain other agricultural businesses affected by...
by loudounsbdcdev | Apr 9, 2020 | COVID Archives
New Benefits for Previously Uncovered Workers Affected workers, like the self-employed, who are not eligible under traditional unemployment insurance may be eligible under a brand new federal program called Pandemic Unemployment Assistance (PUA). To be eligible for...
by loudounsbdcdev | Apr 8, 2020 | COVID Archives
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, allocates $349 billion to help small businesses keep workers employed amid the current circumstances they are encountering. The CARES Act provides funding for the...
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
The Small Business Association (SBA) has launched a tool for businesses to find lenders in their area. Click here to use the tool. Note: Lenders are not required to participate.
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
Generally, a business can apply for loans under both the Paycheck Protection Program and the EIDL program but must use the EIDL for a purpose other than covering payroll costs. To determine whether to apply for a Paycheck Protection Program loan or EIDL, businesses...