SBA Emergency Financing System: General Pointers and you can Questions
It report reacts to frequently asked questions regarding Business Management (SBA) Emergency Financing Program. Authorized by the Small business Work, the latest SBA Emergency Mortgage Program has been a supply of monetary assistance to enterprises, nonprofit groups, home owners, and you may tenants while they repair otherwise change property damaged or destroyed for the an excellent federally is also designed to let quick farming cooperatives recover from economic burns off through a disaster. SBA crisis money were (1) Household and personal Assets Crisis Fund, (2) Company Physical Crisis Loans, and (3) Monetary Injury Disaster Fund (EIDL).
That it statement provides standard facts about the new SBA Disaster Financing Program
For lots more certain information about SBA emergency direction for COVID-19, find CRS Belief IN11370, SBA EIDL and you will Emergency EIDL Has getting COVID-19 , because of the Bruce R. Lindsay; CRS Statement R46284, COVID-19 Save Help Smaller businesses: Things and you may Plan Choices , explanation by the Robert Jay Dilger, Bruce Roentgen. Read more
