SBA – $349 Billion for Guaranteed Loans

SBA

The CARES Act grants the SBA to give out a total of $349 billion for guaranteed loans! The U.S. Small Business Administration has updated their application for Economic Injury Disaster Loans. Interested businesses as well as previous applicants are being asked to apply or reapply at the link: https://www.sba.gov/disaster/apply-for-disaster-loan/index.html. Check the $10,000 box to access the emergency grant. For businesses who applied prior to Monday, March 30th, you will need to reapply with the SBA (even if you were rejected or pending approval). To apply for a COVID-19 Economic Injury Disaster Loan, go to https://lnkd.in/gkjJVFE. For more info, visit https://www.sba.gov/page/disaster-loan-applications.