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SBA and FEMA Establishing Loan and Grant Programs in Response to COVID-19

March 24, 2020

and state authorities have or are in the process of establishing various loan
and grant programs designed to assist businesses affected by the COVID-19
crisis with the potential availability of additional relief literally changing
by the hour.  As of this writing, the only two programs that have gone
“online” are the Small
Business Administration’s Economic Injury Disaster Loan Program
the Federal
Emergency Management Agency’s Public Assistance Program

the SBA is making low-interest loans available to businesses that have suffered
losses associated with COVID-19, while FEMA is providing grants to certain
eligible non-profit entities.  It is anticipated that additional business
aid will be part of any federal relief program that might eventually be adopted
by Congress.  Stay tuned.

contact Maria Dantas, Jason Navarino or Rich Lomuscio if you have any questions
regarding how these programs might apply to your business. 

visit Riker Danzig’s COVID-19
Resource Center
to stay up to date on all related legal issues.

Our Team

Jason D. Navarino

Jason D. Navarino

Maria A. Dantas

Maria A. Dantas
Of Counsel

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