SBA Offers Loans to Small Businesses Suffering Effects of Coronavirus Crisis

Working capital to small businesses.
March 20, 2020

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.

Here is an SBA Fact Sheet:

https://www.sba.gov/disaster-assistance/coronavirus-covid-19


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