Economic Injury Disaster Loans: Overview for Small Businesses

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Economic Injury Disaster Loans: Overview for Small Businesses

March 25 @ 11:00 AM - 12:00 PM

|Recurring Event (See all)

One event on March 20, 2020 at 3:00pm

One event on March 21, 2020 at 10:00am

One event on March 21, 2020 at 12:00pm

One event on March 23, 2020 at 11:00am

One event on March 23, 2020 at 3:00pm

One event on March 24, 2020 at 11:00am

One event on March 24, 2020 at 3:00pm

One event on March 25, 2020 at 11:00am

One event on March 26, 2020 at 11:00am

One event on March 26, 2020 at 3:00pm

One event on April 1, 2020 at 11:00am

One event on April 1, 2020 at 3:00pm

All Illinois small businesses can now apply for disaster loans

  • The SBA’s Economic Injury Disaster Loan program provides low-interest loans of up to $2 million to small businesses and private non-profits affected by the coronavirus pandemic.
  • These working capital loans can be used to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. They have repayment options of up to 30 years.
  • Interest rates are 3.75% for small businesses and 2.75% for private non-profits. Loans will have a deferred payment of one year from the date of note.

Join an online training:

The SBA Illinois District Office is hosting webinars on the Economic Injury Disaster Loan Program covering:

  • Eligibility
  • Use of proceeds
  • Terms
  • Filing requirements
  • Additional small business resources

Choose the date and time most convenient for you. Click the link to register now.

Friday, March 20, 11 a.m. CT

Friday, March 20, 3 p.m. CT

Saturday, March 21, 10 a.m. CT

Saturday, March 21, 12 p.m. CT
*
This event is cohosted with the Illinois Small Business Development Center at the Illinois Hispanic Chamber of Commerce. Session will be in English with Spanish translators.

Saturday, March 21, 2 p.m. CT

Monday, March 23, 11 a.m. CT

Monday, March 23, 3 p.m. CT

Tuesday, March 24,  11 a.m. CT

Tuesday, March 24,  3 p.m. CT

Wednesday, March 25, 11 a.m. CT

Thursday, March 26, 11 a.m. CT

Thursday, March 26, 3 p.m. CT

Wednesday, April 1, 11 a.m.

Wednesday, April 1, 3 p.m.

Information you will need to collect for your loan application:

  • The SBA’s Economic Injury Disaster Loan program provides low-interest loans of up to $2 million to small businesses and private non-profits affected by the coronavirus pandemic.
  • These working capital loans can be used to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. They have repayment options of up to 30 years.
  • Here are the documents you’ll need to provide to complete the application:
  • It is recommended that you apply online, but preparing these documents ahead of time will streamline the process for you.

Details

Date:
March 25
Time:
11:00 AM - 12:00 PM

Venue

Webinar