Tom Butt
  E-Mail Forum – 2020  
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  Economic Injury Disaster Loan - Emergency Advance
April 7, 2020

The SBA  Emergency Advance up to $10,000 can be applied for on-line.  According to the information provided by the SBA below,  this $10,000 will not have to repaid.  And you can still apply for another SBA loan in addition to receiving this advance.

The SBA is also providing low-interest disaster loans directly to help businesses recover.  For this coronavirus disaster Economic Injury Disaster Loans are currently available throughout the state of California. You can apply online here. Business Owners and Non-profits may be eligible for up to $10,000 in an advance payment in this program.  This up-front advance payment does not have to be repaid.

If you have questions about this application or problems providing the required information, please contact our Customer Service Center at 1-800-659-2955 or (TTY: 1-800-877-8339)
 Applicants are welcome to apply for both of the programs listed above.

SBA funds non-profit partners to provide one-on-one assistance at no cost to business owners. You may always reach out to your local  Small Business Development Center, Women’s Business Center, Veteran’s Business Outreach Center or SCORE chapter to get paired with an advisor who can help you with the applications as well as business advice on adapting to the current situation.