With the COVID-19 crisis looming, the federal Small Business Administration has opened up the availability of disaster loans to businesses across Western New York including Erie, Niagara, Genesee, and other nearby counties. This is terrific news for businesses that are feeling the weight of the pandemic, including those that must comply with steep workforce reductions or even closure orders from the Governor in order to protect public health. Small business and start-up entrepreneurs should be especially mindful of this opportunity.
The online application process for an SBA disaster loan can be initiated at any time, but given the extent and magnitude of the crisis, businesses in need are well-advised to begin the process now. The loan registration page is self-explanatory.
The Coppola Firm will continue to monitor all avenues available to support the business community during this tumultuous time. If you need advice, feel free to call us.
