COVID-19 Economic Injury Disaster Loan (EIDL) Program
The U.S. Small Business Administration (SBA) continues to accept new applications for COVID-19 EIDLs from small businesses. However, the SBA has stopped processing EIDL Advance requests, as funding for the grant portion of the Economic Injury Disaster Loan Program has been fully allocated. If you would like to inquire about an existing COVID-19 EIDL application or account, please call the SBA Disaster Customer Service line (8am to 8pm ET) at 800-659-2955. Individuals who are deaf or hard of hearing may call 800-877-8339 (TTY). Alternatively, you may send an email to disastercustomerservice@sba.gov.
Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) loan portal re-opens to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9am EST. The portal will fully open on Tuesday, January 19, 2021 to all participating PPP lenders to submit First and Second Draw loan applications to the SBA. Please visit https://www.sba.gov/ppp or https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses for additional information. If you have any questions regarding the status of your PPP application or loan, please contact your lender directly.
Shuttered Venue Operators Grant (SVOG)
Please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant for up-to-date information on, and the current status of, this funding program to help live venue operators or promoters; theatrical producers; live performing arts organization operators; relevant museum operators, zoos and aquariums (meeting specific criteria); motion picture theater operators, and talent representatives.
For detailed information on all SBA relief programs related to COVID-19, please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options or https://www.sba.gov/page/coronavirus-covid-19-orientacion-y-recursos-de-prestamos-para-pequenas-empresas (en español). Information on federal programs and services to help small businesses navigate the effects of COVID-19 may also be found at https://covid-sb.org/.
Also, Deanna, because SBA’s rules and regulations on these and other programs will surely evolve over the coming days and weeks, please confirm the validity of such information on your website going forward by visiting the following websites on a regular basis:
PPP – https://www.sba.gov/ppp
8(a) Program Extension – https://www.federalregister.gov/documents/2021/01/13/2021-00602/extension-of-participation-in-8a-business-development-program
For the latest announcements, please be sure to sign up for our email distribution list by completing a short, online form at https://www.sba.gov/updates. Including your local zip code will ensure you only receive updates specific to the Washington Metropolitan Area.
Thank you,
Jack
Jack Spirakes, MPA
Economic Development Specialist and Public Information Officer
Washington Metropolitan Area District Office (WMADO)
U.S. Small Business Administration
409 3rd St SW, Floor 2
Washington, DC 20416
(202) 205-0536
Cell (202) 374-7692
jack.spirakes@sba.gov
For detailed information on SBA programs in response to COVID-19, please visit www.sba.gov/coronavirus. For information on all COVID-19 federal programs, visit www.usa.gov/coronavirus or www.gobierno.usa.gov/coronavirus (en español).
Home Page | Twitter | Instagram| Facebook | YouTube | LinkedIn | Email Alerts
No responses yet