Small Business Coronavirus Disaster Loans
Our Federal government has responded with the following Coronavirus relief. The Small Business Association (SBA) is providing working capital loans of up to $2 million per “qualifying business,” at an annual rate of 3.75% for for-profit companies and 2.75% for nonprofit organizations. These loans are available for COVID-19-affected businesses under the SBA’s Economic Injury Small Business Guidance & Loan Resources. Hopefully, there is more to come.