Virtual Program: Would the SBA Economic Injury Disaster Loan Serve My Business or Non-Profit Agency?

Description

The SBA- Economic Injury Disaster Loans (SBA-EIDL) are available for small businesses with Coronavirus- related economic disruptions and was recently expanded under the CARES ACT Federal Stimulus package. SBA-EIDL provides working capital loans of up to $2 million to small businesses impacted by COVID-19. Borrowers can request an emergency advance of $10,000 within 3 days of submitting the application and do not have to repay the advance if they are denied a loan. 

Donald Pellico, Business Opportunity Specialist with the U.S. Small Business Administration (SBA) in Illinois, will provide us with an extensive explanation of the loan application process and the recently expanded benefits of these loans, followed by Q&A.

A link to join the meeting will be sent to all registrants 30 minute prior to the meeting start time. Be sure to check your junk email, but if you still do not receive, email lewing@naperville.net