Hi Neighbors,
As a small business owner, I know that the challenges facing our nation’s job-creators have been exacerbated by the COVID-19 pandemic. If you’re an entrepreneur or small business owner (or know one!), new relief options may be available to help you weather this storm. Read on to learn more, and please don’t hesitate to reach out to my office if we can be of assistance during this extraordinarily difficult time:
ECONOMIC INJURY DISASTOR LOAN (EIDL) UPDATE
The Small Business Administration (SBA) began the COVID-19 Economic Injury Disaster Loan (EIDL) program at the start of the pandemic. The SBA announced they have increased the maximum amount small businesses and non-profit organizations can borrow through the program. The SBA has raised the loan limit from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.
Continue reading “Rep. Dean Phillips (CD3): Small Business Relief Information for You”