Small businesses on tap for more pandemic relief Monday morning

Screenshot of the Small Business Administration website where money designated for sole proprietors and small businesses will be made available Monday morning.
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April 27, 2020 editor’s update: The SBA is expected to reopen the EIDL portal sometime within the next month.

CYPRESS — Small business owners, to include sole proprietors, have the opportunity to get at least $1,000 from the Small Business Administration on Monday morning (April 27, 2020).

According to the SBA, “In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

“This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid.”

While the website’s direct link is here, the Cypress News Review will update our link if the SBA changes it Monday morning.

It appears that all businesses from sole proprietors, on up to businesses with less than 500 employees, will be eligible for this business-specific relief.

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