![]() ![]() Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the COVID-19 economic crisis. Targeted EIDL Advance FAQĬOVID business resource: US Small Business Administration (SBA) – GA District – PPP SBA will reach out to eligible businesses directly by e-mail. ![]() Advanced funds of up to $10,000 will be available to applicants located in low income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding. It provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. However, Targeted EIDL Advance funds were created in December 2020 and are available for those meeting a certain criteria.ĬOVID-19 Targeted EIDL Advance was signed into law in December 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The EIDL Advance, which was additional funding added in March 2020 through the CARES Act is NO LONGER AVAILABLE. These loans are intended to help businesses meet their financial obligations and operating expenses that could have been met had the disaster not occured. Relief Options OverviewĬOVID business resource: US Small Business Administration (SBA) – GA DistrictĬOVID-19 Economic Injury Disaster Loan (EIDL)– Federal Disaster Loans providing economic relief to small businesses, including agricultural businesses, and nonprofit organizations that are currently experiencing a temporary loss of revenue. The SBA offers several different relief options to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. The Federal Government passed legislation in December 2020 to further address the affects on small businesses due to the COVID-19 pandemic. Invest Atlanta is offering the Atlanta Cares Revolving Loan Fund aimed at alleviating sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic and providing permanent resources to support economic resiliency to further the long-term economic objectives of the region.ĬOVID business resource: US Small Business Administration (SBA) ![]()
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