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Small businesses can apply for loans

FRANKLIN

Franklin Southampton Economic Development Inc., along with the Franklin Southampton Chamber of Commerce and Downtown Franklin Association offer this advice for small businesesses possibly needing economic support in the future.

The Small Business Administration offers useful guidance and steps to follow in preparing your business for the impact of COVID-19, and to determine if you may qualify for financial assistance related to this disaster.

The SBA is working directly with state governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the coronavirus (COVID-19).

The SBA Economic Injury Disaster Loan provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

To begin your application, visit www.disasterloan.sba.gov/ela.

Do not hesitate to contact the FSEDI office at 562-1958 with any questions.