Mar 24, 2020 | Blog, MBE CPAs

Last Updated: April 2, 2020

SBA Disaster Loans

The U. S. Small Business Administration (SBA) has approved Wisconsin business affected by COVID-19 to access low-interest, long-term disaster loans. This loan offer is an affordable way for individuals and business to recover from declared disasters such as the coronavirus pandemic. Specifically the Economic Injury Disaster Loan (EIDLS) are loans to help small businesses, small agricultural cooperative and businesses involved in agriculture, and most private, non-profit organizations meet their necessary financial obligations on who have fallen on hard times due to disaster.  

Due to the high demand of the loans nationwide, the application process may be delayed. If you would like assistance navigating the application process, filing an application and required materials, or have any questions, please contact Brad Jenks at bjenks@mbecpa.com or (608) 402-6059 

For more information visit https://www.sba.gov/funding-programs/disaster-assistance 

And check out our blog posts:  

https://www.mbecpa.com/cares-act/ 

https://www.mbecpa.com/a-word-from-the-president-of-aicpa/