Small Business Administration (SBA)
The US Small Business Administration (SBA) Office of Disaster Assistance will provide targeted, low-interest loans to Washington, DC small businesses that have been severely impacted by COVID-19.
The SBA’s Economic Injury Disaster Loan program provides working capital loans of up to $2 million that can provide vital economic support to help qualified small businesses and private nonprofit organizations overcome the temporary loss of revenue as a result of the COVID-19 virus outbreak. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster’s impact. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
DC businesses can start the process by clicking here and then “Apply for Assistance.”
You can prepare to apply by reviewing the “Three Step Process” of SBA Disaster Loans to understand what to expect in the application process.
Disaster loan applicants can call the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 (7 am -9 pm every day) or email [email protected] for help in completing their online application.
Local assistance can be found at www.sba.gov/local-assistance
DC businesses can also download the 2020 Small Business Resource Guide for the Washington Metropolitan Area as a resource.
The SBA’s Economic Injury Disaster Loan program provides working capital loans of up to $2 million that can provide vital economic support to help qualified small businesses and private nonprofit organizations overcome the temporary loss of revenue as a result of the COVID-19 virus outbreak. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster’s impact. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
DC businesses can start the process by clicking here and then “Apply for Assistance.”
You can prepare to apply by reviewing the “Three Step Process” of SBA Disaster Loans to understand what to expect in the application process.
Disaster loan applicants can call the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 (7 am -9 pm every day) or email [email protected] for help in completing their online application.
Local assistance can be found at www.sba.gov/local-assistance
DC businesses can also download the 2020 Small Business Resource Guide for the Washington Metropolitan Area as a resource.