» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 44 | NO. 12 | Friday, March 20, 2020

Small businesses can apply for loans as result of virus

Print | Front Page | Email this story

NASHVILLE (AP) — Tennessee small businesses that have been economically harmed as a result of the coronavirus outbreak can apply for U.S. Small Business Administration disaster loans, the state said.

Small businesses and nonprofit organizations are eligible to apply for economic injury disaster loans of up to $2 million. The funds are to be used for financial obligations and operating expenses.

"Small businesses and nonprofits across the state are suffering greatly in the wake of this pandemic, and these loans will help overcome the temporary loss of revenue companies are experiencing during this difficult time," Gov. Bill Lee said last week in a news release from the state Department of Economic and Community Development.

The request for the economic injury disaster loan declaration was submitted Wednesday.

Applicants may apply online, receive additional disaster assistance information and download applications online.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0