The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic.
Things are changing so rapidly, that the best way for you to stay up-to-date on official information is to keep checking SBA.gov/Coronavirus. This is where SBA will house all the relevant, accurate information on how to access new SBA programs. We also encourage you to subscribe to our email updates via SBA.gov/Updates and follow us on Twitter at @SBA_Indiana for the latest news
On March 27, 2020, the CARES Act was signed into law, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if an EIDL application was declined or is still pending, and will be forgiven.
If you wish to apply for the Advance on an EIDL, please direct them to visit SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, they need to submit this new application even if they previously submitted an EIDL application. Applying for the Advance will not impact the status or slow their existing application.
If your members need additional assistance, they can find their local SBA Resource Partners at www.SBA.gov/Local. If they have questions, they may also call SBA’s disaster assistance customer service center at 1-800-659-2955.