We are all aware that maintaining positive cash flow in these stressful times is paramount. If you had a chance to read my post last week about how to keep your business afloat in the midst of the storm then you already are aware of some tools you can use to do just that. Today I wanted to share one more resource:

SBA.Gov’s EIDL Program - The Economic Injury Disaster Loan Emergency Advance is “A loan advance that will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties”. The eligibility requirements are:

“The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.
Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid. “

These are challenging times that we are facing but we will get through this season of life and move forward stronger than ever before.

Keep IT Sunny!