Supporting Impacted Businesses
- The Small Business Administration (SBA) has announced disaster loans which provide impacted businesses with up to $2 million.
- SBA relaxed criteria for disaster assistance loans – expanding small businesses’ access to economic assistance.
- The President directed the Energy Department to purchase large quantities of crude oil for the strategic reserve.
- President Trump has held calls and meetings with business leaders from the pharmaceutical industry, airlines, health insurers, grocery stores, retail stores, banks, and more.
- The Treasury Department approved the establishment of the Money Market Mutual Fund Liquidity Facility to provide liquidity to the financial system.
SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (click here)
- SBA offered disaster assistance to small businesses economically impacted by the coronavirus in several states. For an updated list, click here.
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- Economic Injury Disaster Loan Program-Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19. Click here to apply.
- Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster
Guidance for Businesses and Employers