The U.S. Small Business Administration offers low-interest federal disaster working capital loans to Virginia small businesses suffering substantial economic injury as a result of the coronavirus (COVID-19).
SBA acted under authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act recently signed by President Trump, following a request received from Gov. Ralph Northam. The disaster declaration makes SBA Economic Injury Disaster Loans assistance available in the entire commonwealth.
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of COVID-19,” said SBA Administrator Jovita Carranza. “SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application proc...
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