SBA offering disaster assistance

SBA offering disaster assistance

The Federal Small Business Development Agency (SBA) is trying to assist the Illinois small businesses that have suffered amid the COVID-19 by offering them low-interest federal working capital loans. This decision was announced by SBA administrator Jovita Carranza today. The Coronavirus Supplemental Appropriations for Preparedness and Response Act required SBA to act which it did under its own authority.

The Act was recently signed by the President to declare a disaster following a request received from Governor JB Pritzker on March 17, 2020. SBA assistance will be available throughout the state of Illinois. The assistance will also be in:

  • e contiguous counties of Clinton, Des Moines, Dubuque, Jackson, Lee, Louisa, Muscatine, and Scott in Iowa
  • Benton, Gibson, Knox, Lake, Newton, Posey, Sullivan, Vermillion, Vigo, and Warren in Indiana
  • Ballard, Crittenden, Livingston, McCraken, and Union in Kentucky
  • Cape Girardeau, Clark, Jefferson, Lewis, Lincoln, Marion, Mississippi, Perry, Pike, Ralls, Saint Charles, Saint Louis, Saint Louis City, Sainte Genevieve and Scott in Missouri
  • Grant, Green, Kenosha, Laffayette, Rock, and Walworth in

Administrator Carranza said, “SBA is firmly committed to providing the most effective and customer-centric response possible to help Illinois small businesses with federal catastrophe loans. We will be quick in our efforts to help these small businesses recover from the financial impacts of coronavirus disease (COVID-19).”

SBA customer service representatives are available to answer any questions or queries about the program. Carranza said, “Small businesses, private non-profit organizations of any size, small farm cooperatives, and small aquaculture businesses that have been financially affected as a direct result of coronavirus disease (COVID-19) since January 31, 2020, they may qualify to receive economic damage disaster loans of up to $ 2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.”

Related Posts
Postgame Central at Green Bay Gamblers
GREEN BAY, WISCONSIN — The Chicago Steel (19-6-2-0; 40 pts.) scored six goals in the
Two Federal Defendants Indicted on Charges Related to Attempted Escape from Sangamon County Jail
SPRINGFIELD, Ill. – Two federal defendants who were housed at the Sangamon County Jail, in
Deininger Floral Spreading Love To More Than 540 Residents On Valentine’s Day
FREEPORT, ILLINOIS — Whether during a pandemic or “normal” times, Valentine’s Day or no holiday
FHN Expands Mammogram Hours In Freeport
FREEPORT, ILLINOIS — Though it’s tempting to let things “slide” as we practice pandemic safety
Federal Indictment Charges Department of Veterans Affairs Procurement Supervisor With Pocketing Kickbacks
CHICAGO — A procurement supervisor at the Jesse Brown Veterans Affairs Medical Center in Chicago
Illinois Supply Chain Management Training Program
State of Illinois and ASCM Launch First-of-its-Kind Training Program to Prepare Residents for Jobs Fuled
Naperville Fire Department Leaders Attain Chief Fire Officer Status
NAPERVILLE, Ill. — The Naperville Fire Department is proud to announce its entire chief officer staff
Springfield Woman Indicted on Charges of Fraud Related to Small Business Administration COVID-19 Disaster Loan Program
SPRINGFIELD, Ill. – A grand jury today returned an indictment that charges a Springfield, Ill.,
Education rule changes will provide students with a more equitable education
SPRINGFIELD – The Illinois Education Association (IEA) and the Illinois Federation of Teachers (IFT) announce their
Rockford Man Sentenced to 9 Years in Federal Prison for Distributing Cocaine and Illegally Possessing Firearm
ROCKFORD — A Rockford man was sentenced Wednesday by U.S. District Judge John Z. Lee