Coronavirus: Small Business Assistance

Small Business Association (SBA) Disaster Assistance in Response to the Coronavirus

Click through the links below for helpful information from the Small Business Association:

• The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.

• Any such Economic Injury Disaster Loan assistance declaration issued by the SBA makes loans available to small businesses and private, non-profit organizations in designated areas of a state or territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

• SBA’s Office of Disaster Assistance will coordinate with the state’s or territory’s Governor to submit the request for Economic Injury Disaster Loan assistance. 

• Once a declaration is made for designated areas within a state, the information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities as well as updated on our website: SBA.gov/disaster.

• SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance per small business and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 

• These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%. 

• SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. 

• SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

• For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

• Visit www.SBA.gov/disaster for more information.

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    repName Congressman Mark Amodei  
    helpWithFedAgencyAddress 332 Cannon House Office Building
    Washington, DC 20515
     
    district 2nd District of Nevada  
    academyUSCitizenDate July 1, 2016  
    academyAgeDate July 1, 2016  
    academyApplicationDueDate October 20, 2016  
    repStateABBR NV  
    repDistrict 2  
    repState Nevada  
    repDistrictText 2nd  
    repPhoto  
    SponsoredBills Sponsored Bills  
    CoSponsoredBills Co-Sponsored Bills  
         
         
         
         
         
  • Office Locations

    Office Name Location Image Map URL
    Reno Office 5310 Kietzke Lane, Suite 103
    Reno, NV 89511
    Phone: (775) 686-5760
    Fax: (775) 686-5711
    https://goo.gl/maps/q79GzGLXCfD2
    Washington Office
    104 Cannon House Office Building
    Washington, DC 20515
    Phone: (202) 225-6155
    Fax: (202) 225-5679
    https://goo.gl/maps/LHerJswiK862
    Elko Office
    905 Railroad Street, Suite 104 D
    Elko, NV 89801
    Office: (775) 777-7705
    Fax: (775) 753-9984
    https://goo.gl/maps/q79GzGLXCfD2