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...
by loudounsbdcdev | Apr 2, 2020 | COVID Archives
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed...
by loudounsbdcdev | Mar 25, 2020 | COVID Archives
SBA Express Bridge Loans Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small...
by loudounsbdcdev | Mar 20, 2020 | COVID Archives
Individuals who are deaf or hard‑of‑hearing may call SBA’s Customer Service Center via the Federal Relay Line by calling (800) 877-8339. You may also email disastercustomerservice@sba.gov for more information on SBA disaster assistance. The Service Center is open 7...