Updated April 17, 2020: Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.
EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Congress is exploring adding additional funding to COVID-19 related relief programs.
Original post is below.
SBA disaster assistance is now available to the entire state of Georgia. The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Georgia small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). These loans can provide vital economic support to help small businesses overcome the temporary loss of revenue they are experiencing. Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
The Economic Injury Disaster Loan (EIDL) Program is now accepting applications. Apply at https://disasterloan.sba.gov/ela or click here. Additionally, near the end of the form, businesses can check a box to receive a $10,000 advance (followed by fields to fill in the name of his/her bank, the routing number and the account number). The $10K advance is the Emergency Economic Injury Grant. The grant does not have to be repaid, and is immediate cash for a small business.
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The application is now open to all qualified businesses. Visit the program website at www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp or click here.
All small businesses and non-profits in need of disaster assistance are encouraged to apply for these loans. Visit the SBA website periodically to keep updated on loan information.