Economic Injury Disaster Loan Program Webinar

Description

Small Business Administration (SBA) is offering free webinars on the application process for the Economic Injury Disaster Loan Program
 
If you’re a small business that has suffered substantial economic injury as a result of the coronavirus (Covid-19), SBA is providing an overview on the application process for their Economic Injury Disaster Loan Program.  They are offering the program on the following date:
 
March 31, 2020 - 1:00-2:30 pm

To register for March 31^st, click on the link below: 
https://events.r20.constantcontact.com/register/eventReg?oeidk=a07egzs203q5e92cfb2&oseq=&c=&ch=

The Small Business Administration (SBA) has made an important adjustment to the terms of its Economic Injury Disaster Loan Program (EIDL). Moving forward, EIDL loans will defer payments for the first year (twelve months) of the loan. This is a change from the initial loan structure, which allowed payment deferral for four months. SBA EIDL loans are for small businesses and private non-profits (of any size) that were previously profitable, but whose revenues have been adversely impacted by the outbreak of COVID-19 (since January 31, 2020). Loans can be up to $2 million and have a long-term repayment schedule of up to 30 years. Businesses may apply for the program at https://disasterloan.sba.gov/ela