We know that it's been especially difficult for small businesses, and we understand the costs they have had to endure during the outbreak. We are excited to share that there are many resources offering relief and loans to struggling small businesses during COVID-19. The U.S. Small Business Administration (SBA) will provide working capital loans for economic support and help small businesses overcome temporary revenue loss of revenue during the outbreak. These Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business can provide vital economic support to small businesses to help overcome the temporary loss they are experiencing. Here’s some of the resources and assistance available from the SBA:
All counties in Georgia eligible for low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Georgia small businesses impacted by COVID-19 are now eligible to apply for Economic Injury Disaster Loans (EIDL). Please note the deadline is December 18th, 2020.
How to apply:
- Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela.
- Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance.
- Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155
The official press release with instructions from the SBA Office of Disaster Assistance is here and you can visit https://www.sba.gov/funding-programs/disaster-assistance for more information.
- The University of Georgia Small Business Development Center has 17 offices across the state, covering every county, with consultants available to assist small business owners through the SBA Economic Injury Disaster Loan application process. You can find and connect with your local UGA SBDC office at this Link: UGA SBDC Locations or send a message to our State Office in Athens here: Contact UGA SBDC. Many of our offices are working remotely, so if you do call and get a voicemail, we will work to return your call as soon as possible.
- COVID-19 Community Resources: GA VOAD and GEMA/HS Community Recovery are working together to provide updated resources for nonprofit and faith-based organizations and the communities they serve. This is an evolving document that will continue to be updated. If you have additional resources to be added please reach out to firstname.lastname@example.org and email@example.com.