For those of you have suffered economically from the recent floods, there are loans available. The SBA Economic Injury Loan is designed to help a business that has suffered substantial economic injury, regardless of physical damage, and is located in adeclared disaster area.
Substantial economic injury is the inability of a business to meet its obligations as they mature and to pay its ordinary and necessary operating expenses. An Economic Injury Loan can help you meet necessary financial obligations that your business could have met had the disaster not occurred. It provides relief from economic injury caused directly by the disaster and permits you to maintain a reasonable working capital position during the period affected by the disaster.
In a nutshell, if you are unable to pay bills, because others owe money or lack of revenue due to the flood damage, this loan can be very helpful. However you should keep in mind that this is a loan, and if your business cannot handle additional debt, this will not be good route.
To apply for this loan online, go to https://disasterloan.sba.gov/ela/Default.aspx.
To simply learn more about the Economic Injury Loan, click the following link:
No comments :
Post a Comment