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SBA disaster loans provide working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19) with funds available through the Coronavirus Preparedness and Response Supplemental Appropriations Act.
These loans offer up to $2 million in assistance for fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact with interest rates at 3.75% for small businesses and 2.75% for non-profits.
