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.

This webinar was presented through a partnership between the City of LakewoodLakewood Chamber of Commerce, LakewoodAlive and the Cleveland SBA office.