General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEconomic Injury Disaster Loans-Has anyone here gotten one yet?
I registered almost immediately after this was announce. I haven't heard one word. Has anyone else? There seems to be no way to check on status of these "loans".
'In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.
The SBAs Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
This program is for any small business with fewer than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
Businesses in certain industries may have more than 500 employees if they meet the SBAs size standards for those industries.
The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.'
WhiteTara
(29,704 posts)Somehow I got the phone number for the Arkansas SBA guy in charge of EIDL and I'm calling him on Monday with my number. I'll update from there.
Ferrets are Cool
(21,106 posts)Zoonart
(11,855 posts)They have received a loan that will enable them to keep their (3) employees.
I am the Chairman of the BOD of a local Arts Council 501(c) We are essential for granting thousands of dollars to Arts organizations in our country and we have received a loan.
Ferrets are Cool
(21,106 posts)All I had heard before your post was concerning the large corporations getting the money.