Disaster Relief Funding

Has your business or nonprofit been affected by COVID-19?

We can help. Small businesses, small agricultural cooperatives, and private nonprofit organizations hurt by the COVID-19 crisis can now apply for the emergency disaster relief loan called the Economic Injury Disaster Loan (EIDL) from the U.S. Small Business Administration (SBA).

The EIDL program provides funding in the form of loans of up to $2 million depending on the needs of the business. SBA disaster relief loans may be used to cover:

• Fixed debts
• Employee paychecks
• Overhead expenses
• Lost inventory
• Bills and outstanding invoices
• Business adaptations (adding delivery, online/mobile options, etc.)
• and more …

The disaster loans can be paid back over terms as long as 30 years with interest rates of:

• 3.75% or less for small businesses without credit available.
• 2.75% or less for nonprofits.

Currently, many are qualifying for extremely low rates. Repayment terms are determined by your ability to repay, cash flow, credit history, and other factors.

SBA DISASTER RECOVERY TEAM

With years of experience supervising teams of attorneys and staff for the SBA’s Disaster Recovery Program, Raney LaSusa and Mishty Deb helped small businesses, nonprofits, and individuals secure and close loans quickly.

Applying for an SBA disaster loan can be a complex process but we know the process and understand the system. We’ve completed hundreds of emergency disaster relief loans.

OTHER FUNDING PROGRAMS

Keep in mind that the Economic Injury Disaster Loan (EIDL) is one piece of the federal government’s coordinated response to helping businesses.

There are other programs outside of the SBA that your business and your employees may be eligible for that will help alleviate the financial burden of the COVID-19 crisis. For example Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where Facebook operates. We’ll share more details as they become available.

We’re here to help you find the programs that can help you and your business. Contact us today for a free consultation.

Due to COVID-19 concerns, we are following CDC guidelines to protect the health and safety of both our clients and team members. We are not scheduling any in-office appointments and instead, all of our consultations will be via phone or by Zoom video conference until further notice.

THE LOAN PROCESS

To give you an overview as to what the SBA loan process entails and our services, the process includes the following:

• First, we review the emergency funding process with you during our free consultation.
• Then, we gather the necessary documentation to fill out the application.
• If approved, we help you execute the loan closing documents.
• In between, we provide and we update supplemental paperwork, and communicate with the SBA as circumstances change.
• We communicate with you throughout the loan process until you get funded.

The disaster assistance program itself constantly changes its policies and procedures in order to adapt to circumstances on the ground.

Our frequent communication with the Office of Disaster Assistance (ODA) and keeping abreast of these changes will be invaluable in getting you the funds your business needs quickly.

Our service is to help you alleviate your stress from the loan process. We’re here to advocate for you and move your business forward through this crisis.

WHAT IS THE NEXT STEP?

If you are a small business, a small agricultural cooperative, or a private nonprofit organization that has either been forced to shut down, scale back operations, or suffered economic hardship due to the COVID-19 (coronavirus) crisis, contact us for a free consultation to help your business recover from this disaster.

Applying for and getting approval for loans may take 2-3 weeks or more before you get funding. Many businesses are applying, we suggest you start ASAP. Contact us today to get the process going.

Due to COVID-19 concerns, we are following CDC guidelines to protect the health and safety of both our clients and team members. We are not scheduling any in-office appointments and instead, all of our consultations will be via phone or by Zoom video conference until further notice.

Schedule a Free Consult – Apply for Disaster Relief Funding