An important message for our small business members from Robert Nelson, Massachusetts District Director, U.S. Small Business Administration
The MA Emergency Management Agency (MEMA) and Baker-Polito Administration are working closely with the U.S. SBA to activate the Economic Injury Disaster Loan (EIDL) program which would provide assistance to eligible businesses and non-profits impacted by COVID-19. The 1st step in this process is to meet a minimum threshold of affected businesses within MA.
Affected small businesses and non-profits should download, complete, and submit the SBA EIDL Worksheet ( https://lnkd.in/ewF7VBy ) & Instructions to expedite activation of the EIDL program.
Completed forms can be submitted by email to Disaster.Recovery@mass.gov or by fax to (508) 820-1401. If you do fax the form, please include your e mail. Please note, this initial survey form is not a SBA loan application.
When the EIDL program is activated, you will be contacted to apply directly to the SBA and this website will be updated with application details. For questions, please contact Disaster.Recovery@mass.gov
About the EIDL program: EIDLs provide small businesses with working capital loans of up to $2 million to help meet financial obligations and operating expenses until normal operations resume.
Thank you for getting this information out to impacted businesses and to your respective networks as we are trying to get enough support as quickly as possible in order to get an SBA declaration for MA and the ability to do direct loans for this disaster ASAP.
20-24 SBA to Provide Small Businesses Impacted by Coronavirus Up to $2 Million in Disaster Assistance Loans
HANDOUT_SBA Disaster Assistance_Resources for Businesses