SBA Offers Loans, Guidance for Coronavirus Outbreak

YOUNGSTOWN, Ohio – The U.S. Small Business Administration has issued guidance for business owners to keep themselves, their employees and customers healthy during the COVID-19 outbreak.

The guide, published online here, details the agency’s Economic Injury Disaster Loan, which will offer businesses affected by COVID-19 low-interest working capital loans of up to $2 million.

More information is available at SBA.gov/disaster.

Also on the site is a guide for what businesses should do during the ongoing COVID-19 outbreak – including encouraging sick employees to stay home, environmental cleaning and what to do for traveling employees – as well as what can be done to minimize the stigma of coronavirus, the virus spreading COVID-19. 

It also includes general information on the SBA’s loan programs, export assistance and government contracting. 

Copyright 2022 The Business Journal, Youngstown, Ohio.