$350 billion of this stimulus bill will be dedicated to supporting small businesses affected by the pandemic. This will be in the form of emergency grants, six months of relief for existing loans, and a forgivable loan program. The Small Business Administration says it’s ready to make immediate loan advances, or grants, of up to $10,000 to companies hurt by the coronavirus. It starts with an application on SBA.gov for an Economic Injury Disaster Loan. Sole proprietors, with or without employees are eligible. (Apply Here)
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