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Departments & Services > Community & Economic Development > Office of Community and Economic Development News

3/16/2020 - SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans

Decisive action taken to help make 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make the economy the strongest in the world. The U.S. Small Business Administration will work directly with state Governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by the situation. Additionally, the SBA continues to assist small businesses with counseling and navigating their own preparedness plans through its network of 68 District Offices and numerous Resource Partners located around the country. 

Learn more about the process here.