How do I proceed to apply for a small business loan? My doors are about to close. My employees have stopped working and the customers have stopped coming.
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Small businesses and nonprofits in all 50 states are now eligible to apply for the SBA disaster relief loan: https://www.zenefits.com/workest/applications-open-for-sba-coronavirus-relief-loans-in-all-50-states/
You can find the application here: http://www.sba.gov/disaster
Only businesses who cannot find funding elsewhere will qualify. The loan amount can be up to $2 million per business and will have an interest rate of 3.75% for small businesses and 2.75% for nonprofits.
The SBA also has a disaster customer service center. You can call them at 800-659-2955, or email [email protected].
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