SBA LOANS Disaster Assistance CoVid 19 TRUCK DRIVERS Economic injury loans
#1 Check disaster declarations - See if the SBA has issued a disaster declaration in your area
#2 Apply for a disaster loan - We can assist in this process, please request details.
#3 Economic injury - Loans to cover small business operating expenses after a declared disaster.
TrucklendersUSA Business Support:
Due to health concerns surrounding the COVID-19 pandemic, TrucklendersUSA has decided to implement our business continuity plan effective Monday, March 16th as staff members are equipped to perform daily functions from a remote location to ensure continued business flow.We hope that you, your families and your employees stay safe and heathy during this difficult time. I will share additional information, updating a timeframe once we learn more.Please send requests to firstname.lastname@example.org if you should need assistance.
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The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, and Economic Injury Disaster Loan declaration.
Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).
SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance.
Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on our website: SBA.gov/disaster.
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
For additional information, please contact the SBA disaster assistance customer service center. Call 1-877-233-1475 for assistance to file.
File directly here: https://disasterloan.sba.gov/ela/