Financial Assistance for Small Businesses – SBA Loans

On March 6, 2020, President Trump signed the Coronavirus Preparedness and Response Supplemental Appropriations Act, which provides for emergency supplemental appropriations in the amount of $8.3 billion to address issues caused by the coronavirus outbreak. As part of this Act, the Small Business Administration (“SBA”) was authorized to provide disaster assistance loans on a state-by-state basis.[ … ]