SBIA Update on Coronavirus: How to get help

SBIA Update is a way to stay up-to-date on the latest industry news, SBIA member information, and policies that impact the lower middle market.  Below are a few articles featured in this edition of SBIA Update. For the full news update, please refer to the SBIA Update email in your inbox.

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SBIA Update on Coronavirus: How to get help

The unprecedented economic stoppage caused by the Corona Novella Virus has severely disrupted the economy with a particularly heavy impact on smaller businesses.  The government is beginning a series of actions to mitigate the damage and to provide low interest loans up to $2 million for working capital to help businesses ride out this disruption.  The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.  The SBA has not released any additional information about how to apply for the disaster loans.  SBA’s disaster loan website will have more information as it becomes available.

SBIA’s Government Relations Teams has been working closely with regulators, legislators, and members to identify areas where immediate good public policy can mitigate the negative impact of the economic stoppage. Several significant bills have passed or will be moving very quickly. We will keep you apprised of important developments.

For more information, visit SBA’s Disaster Loan website>

Follow this link for the Centers for Disease Control and Prevention guide for businesses and employers>

SBIA is the voice and advocate for the lower middle market. Go to to learn more about the Small Business Investor Alliance.

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