SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The interest rate is 3.75% for small businesses and offers repayment plans for up to 30 years. The governor needs to declare an economic injury disaster to get this moving in Virginia, which is expected within the week.
Apply for SBA’s Economic Injury Disaster Loans: https://disasterloan.sba.gov/ela/