Early this morning, the United States Senate unanimously approved Senate Bill 3548 allowing the expansion of the SBA 7(a) loan program to provide economic relief to small businesses through the new Paycheck Protection...more
All counties within Ohio have received an economic injury declaration from the U.S. Small Business Administration (“SBA”) that enables eligible small businesses in Ohio to apply for an Economic Injury Disaster Loan in an...more
The state of Illinois has been added to the list of Presidential and SBA Agency Declared Disaster States. This designation enables Illinois small businesses to apply for low-interest SBA Economic Injury Disaster Loans in an...more
A second SBA loan relief program is currently being considered by Congress. The United States Senate is attempting to finalize the Keeping Workers Paid and Employed Act (“KWPEA”) which is Division A of the Coronavirus Aid,...more
Ohio has submitted its certification to the United States Small Business Administration (“SBA”) seeking an economic injury declaration related to coronavirus (COVID-19). It is expected that the SBA will review this...more
On March 17, 2020, the United States Small Business Administration (“SBA”) relaxed its rules for states or territories seeking an economic injury declaration related to coronavirus (COVID-19). These changes will expedite the...more
It is expected that all counties within Ohio will receive an economic injury declaration from the U.S. Small Business Administration (“SBA”) this week that will enable eligible small businesses in Ohio to apply for an...more