The new city-county Small Business Resource Program covers St. Louis County and the city of St. Louis. Eligibility is based on financial impact.
Florida SBDC business consultants, many of whom are Disaster Recovery Institute (DRI) Certified Business Continuity Professionals, are available to assist small businesses through the loan application process and with other COVID-19-related challenges at no-cost.
"We will close a short-term loan with each business and work out [a dollar figure]", said McMahon.More news: COVID-19 accelerating rapidly, Europe, US main drivers
Judi Mellon, director of the Small Business Development Center in Hilo, said businesses that apply should receive an answer from SBA in "about three weeks".
"Now that this step is in motion, the next step is to gather information for Governor Whitmer to request an economic disaster designation for the entire state of MI", said a letter from Tara Arens of the Keweenaw Chamber of Commerce and Jeff Ratcliffe of the Keweenaw Economic Development Alliance that recently circulated. So, if they've been in business for three years or five years, it is really worth it to submit a bigger picture, because we've been hit already on the Big Island by the Kilauea disaster, and some by Hurricane Lane - and now this. To be eligible, a business must be located in Florida, have been established prior to March 9, 2020, and demonstrate economic injury as a result of the virus. The website includes information and resources to help brick-and-mortar retailers conduct more of their business online in order to maximize staff productivity and minimize losses during store closures. "More people are being instructed to spend less time in public places and more time at home", Fiverr CEO and Founder Micha Kauffman said in an email last week.
Export Express loan program allows access to capital quickly for businesses that need financing up to $500,000. The loans would be repaid in payments of $50 per month for the first six months, followed by 18 equal monthly payments for the remaining balance.More news: Chinese experts warn of new COVID-19 symptoms
The Economic Injury Disaster Loans of up to $2 million are open to small businesses, private nonprofits, small agricultural cooperatives and aquaculture enterprises financially affected by COVID-19 since January 31.
(As above)"This program is meant to be a stopgap program through the state until further resources from the federal government start to flow". "But I know that SBA is doing the best they can to make sure we take care of every single small business owner who wishes to apply".
While the initial phase of the loan program is only open to St. Louis city and county businesses, the Partnership is working aggressively to identify resources to extend the program to St. Charles County and southwestern IL.More news: Apple updates Siri for coronavirus questioning