SBA Offers Disaster Assistance to Arizona Small Businesses Economically Impacted by the Coronavirus (COVID-19)
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for Economic Injury Disaster Loans with an optional advance ($1,000 per employee up to a $10,000 advance).
Additional funding was appropriated for the SBA EDIL and EIDL Advance programs. The SBA application portal has reopened on Monday, April 27, 2020. For the most up-to-date information on these programs, please visit www.sba.gov/disaster.
**Do not wait to get in touch with one of these lenders.
*If you received an email from CLS@sba.gov requesting information, it is legitimate.
Your business may be eligible for loans up to $2 million through the program. The loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid due to the impact of the Coronavirus outbreak.
We recommend that you assemble the documents listed on the COVID-19 Loans Fact Sheet and schedule an appointment (Zoom, Google Hangout, Skype or phone) with one of our counselors. We will review your financial statements and guide you through the application process.
SCHEDULE AN APPOINTMENT:
Not every business is a good fit for the SBA COVID-19 loans. With our extensive network of traditional and alternative lenders, we will be able to introduce you to an appropriate banker.