HELP FOR SMYRNA BUSINESSES:
SMYRNA BUSINESSES - Please see below from the Cobb Chamber of Commerce RE: SBA Loan Application Details:
Following the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by President Trump and a request for Georgia from Governor Brian Kemp, Small Business Administration (SBA) disaster loan assistance is now available to businesses in Georgia suffering substantial economic injury as a result of the COVID-19. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Here are the application details below that we are promoting and would love your help promoting as well.
We have also assembled helpful resources for businesses to navigate this unprecedented time on our COVID-19 Resources webpage. We will continue to add to this page as more develops. Together, we can and will overcome this. Sharon Mason
SBA Loan Application
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Georgia small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). As provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by President Trump and following a request for Georgia from Governor Brian Kemp, SBA disaster assistance is now available to the entire state of Georgia. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 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. Here are a few helpful application notes:
• Applicants may apply online at https://disasterloan.sba.gov/ela.
• Please note that applicants are applying for the Economic Injury Disaster Loan (EIDL) Program, so they MUST select the Economic Injury (EIDL) Loan Option.
• If an applicant selects the wrong option, they do not have to re-register but will need to start the application again.
• The following PDF explains the Three Step Loan Process: https://disasterloan.sba.gov/…/Three_Step_Process_SBA_Disas….
• Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email email@example.com for more information on SBA disaster assistance.
• For more information, visit https://www.sba.gov/disaster
Apply online at: www.sba.gov/disaster (there is no cost to apply)
Apply by mail: Download application from www.sba.gov/disaster and mail to:
U.S. Small Business Administration,
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155
Disaster customer service can be reached at: 1-800-659-2955 or firstname.lastname@example.org
Prior to Thursday, March 19, 2020 --------------------------------------------------------
The Cobb Chamber of Commerce communicated this morning that the U.S. Chamber and SBA officials are suggesting that even if the paperwork has not been finalized it will be soon, and business owners who wish to seek an SBA loan are encouraged to go ahead and register on the SBA website so they will already have that process completed and be ready to apply.
Here is the link to register on the SBA website:
Economic Injury Disaster Loan Program Information Sheet (posted/created date - prior to March 18, 2020)
The City of Smyrna Economic Development office has been assisting in compiling information of value to you during this national health emergency. As more information is available, we will post it here for you here.
Links to Information:
Cobb Chamber of Commerce COVID-19 Resources page with developing information that includes information for non-profits, taking care of students, supporting Cobb's seniors, organizations who are stepping up and information on a telework plan.