UP TO $10K DISASTER ADVANCE AVAILABLE – DOES NOT REQUIRE REPAYMENT
Sarah Brush
nonprofits and businesses are urged to apply
Massachusetts District Office – March 2020
UP TO $10K Disaster Loan Advance
Dear Small Business, Friends and Partners,
Yesterday evening, EIDL applicants that already submitted in the previous system received an email instructing those that wish to request a FORGIVABLE advance of up to $10K to submit a new application on the new portal.
If you are submitting a new application, please follow the new streamlined steps in the portal (https://covid19relief.sba.gov/#/) as the questions are mostly the same from all the required documents in the previous version of the portal.
All small businesses and nonprofits are encouraged to apply for EIDL and request an Economic Injury Disaster Loan advance of up to $10,000. The loan advance will not have to be repaid.
If you already submitted an application and want to check on status, please call customer service at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov
Thank you for your continued patience as we are committed to continually providing updated information as we get it.
Please direct all inquiries and questions to our District Office email at:
If you are ready to apply online and just need an aid to walk you through the questions, please review the STEP-BY-STEP PDF and the RECORDED WEBINAR below…
CWE is doing a SURVEY to understand our local small businesses.
Please FILL OUT THE SURVEYand let them know how your business is being impacted by the current pandemic. Share what issues you are facing, questions you are having and resources you need.
CWE will mobilize the network of small business expert friends to help you address specific challenges you may be having in your business in the coming weeks.
WE ARE OPEN FOR BUSINESS!
Staff are working remotely and can be reached via email or telephone. MSBDC is committed to supporting entrepreneurs during these very challenging times.
MSBDC advisors can assist businesses with disaster loan applications.
If you are not currently a client and would like to speak with a counselor, please find your region and reach out to the REGIONAL OFFICE SERVING YOU.
Berkshire Regional Office 33 Dunham Mall, Suite 103 Pittsfield, MA 01201 413-499-0933 | Fax: 413-499-3005 www.msbdc.org/berkshire
Central Regional Office Clark University The Carriage House, 125 Woodland Street Worcester, MA 01610 508-793-7615 | Fax: 508-793-8890 www.clarku.edu/offices/sbdc
Northeast Regional Office Salem State University 121 Loring Avenue, Suite 310 Salem, MA 01970 978-542-6343 | Fax: 978-542-6345 www.salemstate.edu/sbdc
Procurement Technical Assistance Center Scibelli Enterprise Center 1 Federal Street, Building 1 Springfield, MA 01105 413-545-6303 | Fax: 413-737-2312 https://www.massptac.org
Southeast Regional Office 200 Pocasset Street Fall River, MA 02721 508-673-9783 | Fax: 508-674-1929 www.msbdc.org/semass
Western Regional Office Scibelli Enterprise Center One Federal Street, Building 101 Springfield, MA 01105-1160 413-577-1768 | Fax: 413-737-2312 www.msbdc.org/wmass
(IF ANY CONTACTS IN THIS EMAIL DO NOT WORK, PLEASE REACH OUT TO NORM AND LET US KNOW!! Email: norman.eng@sba.gov)
Counseling Sessions with BOSTON SCORE CHAPTER: If you want to speak with a counselor, SCORE is doing tele-consults. Just pick a date and time to schedule a session and enter your contact info, they are doing sessions by phone and Zoom video app.
Reach out to other SCORE CHAPTERS throughout the state below.
Join us for a conversation hosted by AIM with Robert Nelson, District Director of SBA’s Massachusetts District Office, and Ili Spahiu, Lead Lender Relations Specialist at the SBA to learn how your business could qualify for an Economic Injury Disaster Loan. The SBA’s Economic Injury Disaster Loan program 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 due to COVID-19.
WEBINAR with SCORE Western Massachusetts and Oreste Varela Springfield Branch Manager
As of Wednesday, March 18th the SBA’s Economic Injury Disaster Loan program has been activated statewide in Massachusetts. Staff from the local district office are ready to help small businesses understand the resources available and navigate the process of submitting a disaster loan application.
Updated details about the SBA Economic Injury Disaster Loan and how to apply will be provided.
Lender Relations Specialist Dan Martiniello will be joining the virtual Connect conference that will be broadcasted on Venture Cafe's Facebook pageand Youtube Channel.
RECORDED INTERVIEW: Bob Nelson on North Shore Conversations
Listen to District Director Robert Nelson on a recorded podcast with Laura Swanson Executive Director at the Enterprise Center at Salem State University talk about statewide activation of the Economic Injury Disaster Loan program.
Most recent legislative updates and the impact on your business What to do should you face a temporary closure or reduction in staff Understanding Sick Time, Vacation/PTO and FMLA – what to offer and when Employee Health Guidelines – what to do should an employee disclose exposure to the virus or become symptomatic
(Presented by Boston SCORE Chapter)
OTHER RESOURCES & ANNOUNCEMENTS
Disclaimer: The SBA does not endorse the organizations sponsoring linked websites, and does not endorse the views they express or the products/services they offer. All programs and services are extended to the public on a nondiscriminatory basis.
