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UPDATE: SBA's Economic Injury Disaster Loans & Advance (EIDL) Applications Open

SOURCE: U.S. Small Business Administration (SBA)


Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.


Notice: Now Accepting New Applications for Economic Injury Disaster Loans and Advance: On June 15, SBA began accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from all eligible small businesses and U.S. agricultural businesses. To learn more about eligibility and apply, click here.


EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.


To learn more about the relief options available for your business, click here.



READ MORE:

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.

© 2020, NJSBDC Network

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