In response to the COVID-19 pandemic, the Small Business Administration has launched loan programs to help small businesses and non-profits.
Lakewood businesses and nonprofits joined Ian Andrews from LakewoodAlive and Ray Graves, Lending Relations Specialist of the Cleveland SBA office, for a free SBA Disaster Loans Webinar on Thursday, April 2nd. A recording of this webinar will be available soon.
The SBA Economic Injury Disaster Loan program can provide up to $2 million in funding, with a term of up to 30 years at a low-interest rate. 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.