The US Small Business Administration (SBA) will work with borrowers directly. (UPDATE: Please click here for the SBA’s Disaster Assistance Loan Application.) The state of Ohio has to declare an emergency (they anticipate that to happen this week) before businesses can apply. Businesses requesting $25,000 or below will not have to pledge collateral. Requests over $25,000 will require collateral. All requests will be underwritten by the SBA but we do not yet know what the criteria will be.
Please see links at the bottom of this post for additional information.
All federal agencies are working together to protect public health, including the […] Read more