Has your nonprofit experienced a loss of revenue due to the corona virus emergency? Small businesses and nonprofit organizations in Connecticut that have been negatively impacted by the global COVID-19 outbreak are now eligible for disaster relief loans of up to $2 million from the U.S. Small Business Administration.
These loans may be used to pay for fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. The interest rate for nonprofits is 2.75%.
For more information on how your nonprofit can apply, please click here to go directly to the launch page.
Below are some additional resources provided by SBA to explain this process:
You can also contact the SBA disaster assistance customer service center at (800) 659-2955 or firstname.lastname@example.org.